Question
What is called when insurance contract comes into existence when one party makes an offer or proposal of a contract and the other party accepts the proposal?
More Insurance Awareness Questions
- What is a life insurance policy that remains in force for the policyholder’s lifetime?
- What is the FDI limit in the Insurance sector?
- Which Insurance Company started its operation in the year in which India got Independence?
- In the context of insurance, what does "exposure" refer to?
- If a policy holder stops paying the premium after three years, but does not withdraw the money from his policy, then the policy is said to be?
- Under which type of plans, the sum assured is paid at the end of the term as maturity or on the death of the insured during the term of the policy?
- What is an insurance to cover problems associated with travelling, generally including trip cancellation due to illness, lost luggage and other incidents?
- A policy that covers the loss of baggage during travel is:
- What is the role of a surveyor in the claims process?
- The Agriculture Insurance Company of India Limited was incorporated on?
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