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It is the most basic type of insurance and can be referred to as pure insurance. It covers the insured for a specific period. The insured’s family gets a lump-sum amount in the case of the insured’s death. If, however, the insured survives the term of the policy, no money is paid to the insured or his family.
The Public Sector Insurance companies in India include:
What is a life insurance policy that remains in force for the policyholder’s lifetime?
Which of the following is NOT a peril covered under the Standard Fire and Special Perils Policy?
_______ in the insurance industry involves an applicant gaining insurance at a cost that is below their true level of risk.
A missing person is considered to be dead after how many years of missing ?
In which year New India Assurance Co Ltd nationalized?
Nethanna Ku Bima insurance scheme is related which of the following state?
The Insurance Act to govern both life insurance and non-life insurance was passed in which year?
Which of these changes would typically require an endorsement?
Consumer Protection Act deals with: