Question
A contract between you and an insurance company in which you make a lumpsum paymentor a series of payments and in return obtain regular disbursements beginning either immediately or at some point in the future is called?
More Insurance Awareness Questions
- The 'No-Claim Bonus' is a discount offered by insurers for:
- If you might want to discontinue the policy, and take whatever money is due to you. The amount the insurance company then pays is known as?
- A risk or damage covered by an insurance policy is called as?
- In India _______________ insurance is mandatory.
- What is a coverage for bodily injury or property damage caused by an intoxicated person who was served liquor by the policyholder?
- Which type of insurance usually requires higher premium ?
- What is the purpose of a deductible in an insurance policy?
- ___________ is the liability arising from contractual agreements in which it is stated that some losses, if they occur, are to be borne by specific parties...
- The principle of construction ensures:
- Policy that can be cancelled or have the premium s raised by the insurer on a specific anniversary date, subject to certain reasons written into the policy...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)