Question
When insurance companies undercut each other to grab market share by reducing premium, it is known as:
More Insurance Awareness Questions
- The primary categories of insurance business in India are:
- Which principle specifies an insured should not collect more than the actual cash value of a loss?
- A property or liability insurance contract in which all risks of loss are covered is called?
- What is the purpose of classifying risks in underwriting?
- A single policy covering a group of individuals, usually employees of the same company or members of the same association and their dependents is called?
- Who is a good endorser for life insurance?
- 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?
- The term 'total loss' in motor insurance refers to:
- When a single insurance company offers both life and non- life insurance policies then what does it known as?
- Which of the following is an example of Broad Form Insurance?
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