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The purpose of ______is to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss.
a. Subrogation The purpose of subrogation is to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss.
a. Subrogation
The purpose of subrogation is to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss.
See less______ principle means that the insured is not entitled to make a profit on his loss.
b. Indemnity principle means that the insured is not entitled to make a profit on his loss.
b. Indemnity principle means that the insured is not entitled to make a profit on his loss.
See less______ principle in insurance means maximum truth.
b. Causa Proxima principle in insurance means maximum truth.
b. Causa Proxima principle in insurance means maximum truth.
See lessWhich insurance company recently waives off charges on credit card payments?
d. Life Insurance Corporation of India
d. Life Insurance Corporation of India
See lessAs per the Insurance Act, every insurer has to prepare at the end of financial year
e. All of the above
e. All of the above
See lessSelect the expanded form of SV as commonly used in life Insurance
c. Surrender Value
c. Surrender Value
See lessIn which Policy, the insurer agrees to pay the assured or his nominees a specified sum of money on his death or on the maturity of the policy whichever is earlier?
b. Endowment Plans In the policy "Endowment Plans", the insurer agrees to pay the assured or his nominees a specified sum of money on his death or on the maturity of the policy whichever is earlier.
b. Endowment Plans
In the policy “Endowment Plans”, the insurer agrees to pay the assured or his nominees a specified sum of money on his death or on the maturity of the policy whichever is earlier.
See lessIn which Policy, if the policyholder survives till the end of this period, the risk cover lapses, and no insurance benefit payment is made to him/her?
c. Term Insurance Plans In the policy "Term Insurance Plans" if the policyholder survives till the end of this period, the risk cover lapses and no insurance benefit payment is made to him/her.
c. Term Insurance Plans
In the policy “Term Insurance Plans” if the policyholder survives till the end of this period, the risk cover lapses and no insurance benefit payment is made to him/her.
See lessWhich product offered by insurance companies that, unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan?
d. Unit-linked insurance plan The product "Unit-linked insurance plan" offered by insurance companies that, unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan.
d. Unit-linked insurance plan
The product “Unit-linked insurance plan” offered by insurance companies that, unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan.
See lessSelect the expanded form of SA as commonly used in life insurance
a. Sum Assured
a. Sum Assured
See less