Question
What is a Coverage protecting property against losses
caused by a fire or lightning that is usually included in home owners or commercial multiple peril policies?Solution
Fire insurance is property insurance covering damage and losses caused by fire. The purchase of fire insurance in addition to homeowner’s or property insurance helps to cover the cost of replacement, repair, or reconstruction of property, above the limit set by the property insurance policy. Fire insurance policies typically contain general exclusions, such as war, nuclear risks, and similar perils.
If a policy holder stops paying the premium after three years, but does not withdraw the money from his policy, then the policy is said to be?
The largest general insurance company in the world by revenue is:Â
The free-look period is of how many days ?
What is the Fee paid to an agent or insurance salesperson as a percentage of the policy premium?
What is the primary goal of risk management?
The General Insurance Corporation of India was incorporated as a company in which year?
A Life insurance policy for which the cost is equally distributed over the term of the premium period, remaining constant throughout is called?
What is the primary function of a reinsurer?
In relation to insurance sector, what is the full form of EP?
A person invests Rs. 100000 in an insurance policy, 40000 Rs in a PPF account. He also invests fees of his two children 40000rs each. Then how...
