Question # 1

The principal of contribution is ot applicable in:

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Life insurance

Marineinsurance

Valued policy

Fireinsurance

Paid premium is refundable in case of:

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Life insurance

Fire insurance

Valued policy

Marine insurance

The objective of life insurance is to:

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Make investment

Lessen the financial burden

Get security for loan

All of above

If a person gets his property insured from to different company's then it is called:

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Whole life insurance

Double insurance

Compensatory insurance

None of these

Types of accidental insurance are:

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Four

Two

Three

One

The time period of rural insurance policy is

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15 - 20 years

10 - 15 years

20 - 25 years

More than 25 years

The company that insures is called

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Insured

Acceptor

Propose/ Insurer

Business company

What type of security does life insurance offer

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Individual

Collective

Both a and b

None of a and b

Insurance is an agreement in which the insurer:

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Gives profit

Give interest

Compensates loss

All the above

The sum of marine insurance is not paid

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If the ship changes direction

If the ship is not capable of the voyage

Trade is unnecessary

All these three

Group insurance is popular among

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Unemployed people

Employed of business organizations

House wives

All the above

The sum of marine insurance is not paid:

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If the ship changes direction

If the ship is not capable of the voyage

Trade is unneccssary

All these three

On the death of the insured, sum is paid to:

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Friends

Dependents

Relatives

Insurer

What type of security does life insurance offer ?

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Individual

Collective

Both (a) & (b)

None of (a) & (b)

According to Jiwan Sathi insurance, the husband and wife are provided with financial security in

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One installment

Two installments

Three installments

Four installments

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