Q701
Open questionCost of the risk is product of which of the following 2 factors:
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Q702
Open questionConsidering insuring an ordinary ball pen is an example of
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Q703
Open questionConsidering insuring an oil refinery is example of
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Q704
Open questionWhich of the following is correct? Statement A. The system of insurance benefits individual, family and the society Statement B. Insurance companies could invest in speculative ventures.
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Q705
Open questionWhich of the following is untrue?
A. Insurance promotes efficient use of existing resources
B. Insurance contributes to healthy economy and national productivity
C. Insurance policy can be used as a collateral security
A. Insurance promotes efficient use of existing resources
B. Insurance contributes to healthy economy and national productivity
C. Insurance policy can be used as a collateral security
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Q706
Open questionProviding social security is the obligation of _________
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Q707
Open questionWhich is not an example of social security schemes of the Government?
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Q708
Open questionHuman Life Value concept measures the value of a human life on the basis of his
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Q709
Open questionHuman Life Value can be arrived at by dividing by_________
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Q710
Open questionAs per HLV concept, the amount of insurance one can buy could be _________ times of one’s annual income.
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Q711
Open questionHLV concept helps to determine the _________ limit beyond which life insurance could be speculative.
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Q712
Open questionLife Insurance covers the risk of -
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Q713
Open questionWhich is not a contract of indemnity?
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Q714
Open questionIn which type of contract, the happening of event is certain but its timing is not known?
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Q715
Open questionHow life insurance is possible?
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Q716
Open questionWith increase in premium with age, healthy people tended to withdraw leaving unhealthy people. This lead to development of
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Q717
Open questionWhich of the following is correct?
A. Life insurance is a long term contract
B. General insurance is a short term contract
A. Life insurance is a long term contract
B. General insurance is a short term contract
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Q718
Open questionLife insurance policy, in general, is a mixture of
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Q719
Open questionWhich of the following is incorrect?
A. Mutuality means funds from various individuals are combined
B. Diversification means spreading out funds to various destinations.
A. Mutuality means funds from various individuals are combined
B. Diversification means spreading out funds to various destinations.
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Q720
Open questionThe person who makes the offer is called the _________ and the person who accepts the offer in an insurance contract is called the _________
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