Question
A policy that can be cancelled or have the premiums
raised by the insurer on a specific anniversary date, subject to certain reasons written into the policy is known as?Solution
A consequential loss is an indirect loss resulting from an insured's inability to use business property or equipment. A business owner may purchase insurance to protect them against the secondary loss of property and equipment due to a natural disaster or accident
The insurance in which risks are shared between multiple insurers is known as?
Specific questionnaires in insurance proposal forms are common for:Â
Insurance Policy which is provided as an additional layer of security to those who are at risk for being sued for damages to other people’s property o...
The New India Assurance Co. Ltd. was a subsidiary of which of the following company?
The principle ensuring an insured is not compensated more than the actual loss is:
 In which of the following year the Insurance Amendment Act abolished Principal Agencies?
Risks for which it is difficult for someone to get insurance is called?
The Employment State Insurance (ESI) Act of 1948 is applicable to all establishments having __________or more workers.
The first unit-linked insurance plan (ULIP) was launched by which of these countries?
Which of the following is NOT a key expense considered in premium calculation?
