……………………….in a social device for eliminating or reducing the loss of society from certain risk.
A) Premium
B) Policy
C) Insurance
D) Contract
Correct Answer:
Verified
Q2: Insurance provides security against ………………………….
A)Risk
B)Losses
C)Both (a) and
Q3: ……………………………….is the party who agrees to compensate
Q4: ……………………………….is the party who gets his life
Q5: The insurer agrees to compensate the insurer
Q6: The things are property insured is called
Q7: The document which lays down the terms
Q8: The interest which insured has in the
Q9: A contract of insurance is a …………………………………….agreement
A)contingent
B)Constant
C)Both
Q10: LIC was formed in ………………………….
A)1952
B)1956
C)1957
D)1962
Q11: Risk is evaluated on the basis of
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