Question
What is the purpose of a "No Claim Bonus" in motor
insurance?Solution
The correct answer is B. To reward drivers with a good driving record. No Claim Bonus is a discount offered by insurers to policyholders who have not made any claims during the policy period.
Which of the following company is not a foreign insurance company?
In case of ambiguity in policy wording, which rule is applied?
What is the purpose of risk management for an insured?
What is an insurance purchased by a bank or creditor on an uninsured debtor’s behalf so if the property is damaged, funding is available to repair it?...
_____________ is the only public sector company in the field of life insurance in India
The 'No Claim Bonus' can be lost if:
A survey which is held to determine a properties insurable value is known as?
Which is not a General Insurance company?
Which of the following insurance compensates for the cost of repairing or replacing defective products past the normal warranty period provided by manu...
A policy that covers financial losses due to delays in project completion caused by accidental damage is:
