Features and principles of insurance - class-XI
Description: features and principles of insurance | |
Number of Questions: 23 | |
Created by: | |
Tags: business studies business services service sector and business logistics and insurance insurance organization of commerce and management financial markets business risks and insurance insurance - introduction and importance business services 1 organisation of commerce and management other services commerce commercial studies |
An assessee has paid life insurance premium of Rs. 25, 000 during the previous year for a policy of Rs. 1, 00, 000. He shall __________________________.
'Salvage Charges' is related to ________________.
In order to reduce the risk of heavy insurance the insurer passes on some business to the other company, it is called _______________.
Insurance is a form of risk management.
The fee charged by insurance companies is commonly known as 'premium'.
One who calculates insurance and annuity premium is known as _____.
An agent is_________between his principal and the third party.
The abbreviation 'AAR' stands for _______________.
Which one of the following generalisations can be drawn from the principle of subrogation?
Insurance is based on the principle of ______________.
Insurance and garage rent is _______.
The general insurance corporation of India established under the ____________________.
The abbreviation "AAR' stands for ______________.