Question 12 MarksWhat is the significance of a premium in the contract of insurance?AnswerIt is the consideration in the contract of insurance.View full question & answer→
Question 22 MarksWhat does premium mean ?AnswerAmount paid by the insured to an insurance company.View full question & answer→
Question 32 MarksName the different types of insurance.AnswerThere are different types of insurance depending on the need of the Person. View full question & answer→
Question 42 MarksWhat are the main types of insurance?AnswerLife insurance and General InsuranceView full question & answer→
Question 52 MarksWhat does the facility of insurance provide protection against?AnswerUncertainties associated with the business and Someone’s life. View full question & answer→
Question 62 MarksWhy are radical features being covered, these days, as part of insurance services?AnswerDue to uncertainties associated with the business. View full question & answer→
Question 72 MarksWhat are the basic characteristics of Insurance services?AnswerInsurance is a foresighted arrangement to meet the possible monetary loss and eventuality.View full question & answer→