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Principles of Insurance
51 Docs | 50 Videos
NIACL (New India Insurance) Mock Test Series
10 Tests
Banking Awareness for IBPS/SBI/LIC/Insurance exams (Hindi)
13 Videos
Insurance for SSS 3
Insurance for SSS 2
Indian Economy for UPSC CSE
315 Docs | 131 Videos | 135 Tests
Famous Books for UPSC Exam (Summary & Tests)
968 Docs | 533 Videos | 394 Tests
Advanced Corporate Accounting
52 Docs
Industrial Laws
46 Docs | 54 Videos
RBI Grade B Phase 1 Preparation
339 Docs | 229 Videos | 150 Tests
Auditing and Assurance for CA Intermediate
17 Docs | 32 Videos
Banking Awareness for Banking Exams
164 Docs | 65 Videos
Indian Economy for State PSC Exams
261 Docs | 118 Videos
Accounting for CA Intermediate
34 Docs | 18 Videos
Lucent for GK
726 Docs | 481 Videos | 259 Tests
Commerce for SSS 2
Crash Course for CA Intermediate
147 Videos
Business Studies for JSS 2
Physical and Health Education for Primary 5
Docs & Videos
View All
Characteristics - Reinsurance - Concept of Insurance, Principles of Insurance, B com
6078 Views
Insurance Services
3583 Views
Role of Insurance in Economic Development - Insurance Business and Market, Principles of Insurance
2637 Views
Nature & Evolution of Insurance - Risk management And Insurance, Principles of Insurance, B com
1969 Views
Insurance Contract Term - Principles of Insurance, B com
1524 Views
Characteristics & Objectives of Reinsurance, Principles of Insurance
903 Views
Introduction to Insurance, Principles of Insurance
617 Views
Benefit of Insurance - Concept of Insurance, Principles of Insurance, B com
516 Views
Life Insurance - Insurance Terminology And Insurance Customers, Principles of Insurance, B com
467 Views
Principle of Insurable Interest - Insurance Contract, Principles of Insurance
390 Views
Different Type of Insurance & Insurance Pooling - Principles of Insurance, B com
379 Views
Basics of Insurance - Risk Management and Insurance, Principles of Insurance
356 Views
Concept of Pooling in Insurance - Risk Management and Insurance, Principles of Insurance
338 Views
Nature of Insurance - Risk Management and Insurance, Principles of Insurance
326 Views
Principle of Insurable Interest - Insurance Contract - Principles of Insurance, B com
302 Views
BVP MBA General Insurance and Reinsurance (GIR) 4th Semester Question Papers (BVIMR)
293 Views
Type of Reinsurance - Concept of Insurance, Principles of Insurance, B com
272 Views
Benefits of Insurance, Principles of Insurance
272 Views
BVP MBA General Insurance and Reinsurance (GIR) 3rd Semester 2013 Question Papers (BVIMR)
252 Views
Principals of Insurance
239 Views
Importance of Insurance - Risk Management and Insurance, Principles of Insurance
225 Views
Life Insurance, Principles of Insurance
214 Views
Principle of Subrogation - Insurance Contract, Principles of Insurance
214 Views
Different types of Insurance - Risk Management and Insurance, Principles of Insurance
208 Views
Evolution of Insurance - Risk Management and Insurance, Principles of Insurance
204 Views
Reinsurance, Principles of Insurance
203 Views
Importance of Insurance - Risk management And Insurance, Principles of Insurance, B com
202 Views
LIC products - Insurance Products - Principles of Insurance, B com
191 Views
Non Life Insurance - Insurance Terminology And Insurance Customers, Principles of Insurance, B com
190 Views
Double Insurance, Principles of Insurance
184 Views
Marine Insurance - General insurance product, Principles of Insurance
181 Views
Basics of Insurance - Risk management And Insurance, Principles of Insurance, B com
178 Views
LIC products - Insurance Products, Principles of Insurance
177 Views
Principal of Contribution - Insurance Contract, Principles of Insurance
165 Views
Important Concept - Reinsurance - Concept of Insurance, Principles of Insurance, B com
163 Views
Put as insurance
148 Views
Insurance contracts, Principles of Insurance
145 Views
Non Life Insurance, Principles of Insurance
145 Views
External & Internal customer of insurance, Principles of Insurance
145 Views
Double cover- Reinsurance - Concept of Insurance, Principles of Insurance, B com
140 Views
Peril - Concept of Insurance, Principles of Insurance, B com
133 Views
Understanding Insurance Customers, Principles of Insurance
131 Views
Disclosure - Insurance Contract, Principles of Insurance
129 Views
Personal Accident Insurance Policy - General insurance product, Principles of Insurance
129 Views
Claim process - Concept of Insurance, Principles of Insurance
126 Views
Car insurance Cover Note - Concept of Insurance, Principles of Insurance, B com
115 Views
Insurance Regulator - Insurance Business and Market, Principles of Insurance
113 Views
Insurance Regulator - Insurance Business And Market, Principles of Insurance, B com
109 Views
Annuities - Life insurance product, Principles of Insurance
101 Views
Operations of Insurance Companies - Insurance Business And Market, Principles of Insurance, B com
98 Views
Operations of Insurance Companies - Insurance Business and Market, Principles of Insurance
97 Views
Workers' Compensation insurance - Concept of Insurance, Principles of Insurance
96 Views
Annuities - Insurance Products - Principles of Insurance, B com
91 Views
Insurance Specialists - Insurance Business And Market, Principles of Insurance, B com
90 Views
BANKING AND INSURANCE
57 Views
Disaster Risk Insurance
24 Views
Insurance - 2
5 Views
Life Insurance & types of Life Insurance
5 Views
Insurance - 1
4 Views
What is Insurance?
2 Views
Tests
View All
Ramesh Singh Test : Insurance In India
10 Questions | 12 min
NIACL Mock Test - 10
100 Questions | 60 min
NIACL Mock Test - 4
100 Questions | 60 min
NIACL Mock Test - 8
100 Questions | 60 min
NIACL Mock Test - 6
100 Questions | 60 min
NIACL Mock Test - 5
100 Questions | 60 min
NIACL Mock Test - 9
100 Questions | 60 min
NIACL Mock Test - 3
100 Questions | 60 min
NIACL Mock Test - 7
100 Questions | 60 min
NIACL Mock Test - 2
100 Questions | 60 min
NIACL Mock Test - 1
100 Questions | 60 min
Questions
View All
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What is difference between insurance and assurance?
2 answers
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It is not a type of general insurance 1. Marine insurance 2. Fidelity insurance 3. Fire insurance 4. Life insurance?
2 answers
|
|
Difference between general insurance and life insurance ?
2 answers
|
|
In case of insurance of a property the insurable interset of the insured in the subject matter of the insurance must exist?
1 answers
|
|
reinsurance premium Related: Final accounts of life Insurance Companies - Advanced Corporate Accounting?
1 answers
|
|
expain life assurance fund Related: Valuation Balance Sheet - Insurance Company accounts, Advanced Corporate Accounting?
1 answers
|
|
Which insurance company launched E@Secure, a Cyber Insurance Policy for individuals.a)HDFC ERGO General Insurance Companyb)Bajaj Allianz General Insurancesc)Star Health and Allied Insuranced)Apollo Munich Health InsuranceCorrect answer is option 'A'. Can you explain this answer?
1 answers
|
|
The ___________________ is an autonomous, statutory body tasked with regulating and promoting the insurance and re-insurance industries in India.a)Life Insurance Corporation of Indiab)General Insurance Corporation of Indiac)Insurance Regulatory and Development Authority of Indiad)New India Assurance Co. LtdCorrect answer is option 'C'. Can you explain this answer?
1 answers
|
|
Which Company has acquired Bharti AXA General Insurance Company Ltd?a)Bajaj Allianz General Insuranceb)ICICI Lombard General Insurancec)New India Assuranced)Life Insurance Corporation (LIC)e)General Insurance CompanyCorrect answer is option 'B'. Can you explain this answer?
1 answers
|
|
‘Chhavni Covid: Yodha Sanrakshan Yojana’, a life insurance scheme to provide a cover of Rs 5 lakhs each to more than 10,000 employees working in cantonment areas across India will be provided through which insurance c ompany?a)The New India Assuranceb)Life Insurance Corporationc)United India Insuranced)The Oriental Insurance CompanyCorrect answer is option 'B'. Can you explain this answer?
1 answers
|
|
Bank assurance isa)an insurance scheme to insure bank depositsb)an insurance scheme exclusively for bank employeesc)a composite financial service offering both bank and insurance productsd)a bank deposit scheme exclusively for employees of insurance companiesCorrect answer is option 'C'. Can you explain this answer?
1 answers
|
|
S N Rajeswari has been appointed as the chairman and managing director of which insurance company?a)United India Insurance Company Limitedb)Oriental Insurance Company Limitedc)New India Assurance Company Limitedd)Universal Sompo General Insurance Companye)TATA AIG General Insurance Company LimitedCorrect answer is option 'B'. Can you explain this answer?
1 answers
|
|
Direction: Read the following text and answer the questions that follow:Mr. Shailesh owns an oil factory in Rajasthan. Due to illness of his parents living in the UK, he had to go to UK. There he joined a job. He asked his friend Mr. Vijay Arora to take charge of his company till he returns to India. Mr. Vijay took a fire insurance policy for this factory from Sokhim Free Insurance Pvt. Ltd. A month before he got the fire insurance policy, he received a notice from electricity department to get the wiring of the company repaired. He didn’t inform the insurance company about it. He didn’t get the wiring of the factory repaired. After five months of taking the policy, the factory caught fire due to faulty wiring.“Mr. Vijay took a fire insurance policy for this factory from Zokhim Free Insurance Pvt. Ltd....”.Q. Which principle of insurance is relevant here?a)Insurable interestb)Indemnityc)Good faithd)ContributionCorrect answer is option 'A'. Can you explain this answer?
1 answers
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Needed a Video for insurance? Related: Insurance Contract Term - Principles of Insurance, B com?
1 answers
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balance sheet of life insurance Related: Life Insurance and types of Life Insurance?
1 answers
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Needed a Document for principles of insurance? Related: Insurance Contract Term - Principles of Insurance, B com
1 answers
|
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Name the General Insurance Company,that launched first-of-its-kind ‘Trip Protector’ policy in India?a)National Insurance Co. Ltdb)New India Assurance Co. Ltdc)Bajaj Allianz General Insuranced)HDFC ERGO General Insurance Co. Ltde)None of theseCorrect answer is option 'D'. Can you explain this answer?
1 answers
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In trial balance of year ending 31.3.2017, life insurance premium is given 55000.
adjustment:
Insurance premium includes 40000 paid towards proprietor's life insurance policy and the balance of the insurance charges cover the period from 1.4.2016 to 30.6.17. How do you show it in final accounts.?
1 answers
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Sanjay Bhattacharya keep his goods valued at rs 80,000 in a warehouse and had taken a fire insurance policy for the same. On 25 feb 2017,his stock caught fire, he however was not worried about the same and as he had insured the goods against the risk of fire, he did not even call the fire department for a fire lighting machines. The actual losses amounted to rs 65,000. State the relevant insurer principle in this regard. a. utmost good faith b. insurable interest c. Cause Proxima d. mitigation.?
1 answers
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Sanjay Bhattacharya keep his goods valued at rs 80,000 in a warehouse and had taken a fire insurance policy for the same. On 25 feb 2017,his stock caught fire, he however was not worried about the same and as he had insured the goods against the risk of fire, he did not even call the fire department for a fire lighting machines. The actual losses amounted to rs 65,000. State the relevant insurer principle in this regard. a. utmost good faith b. insurable interest . causa Proxima d. mitigation.?
1 answers
|
|
A prepayment of insurance premium will appear in balance sheet and in the Insurance account respectively ?
1 answers
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Scope of _______ has widened to include disability insurance, health/medical insurance, annuity insurance and life insurance proper.a)marine insuranceb)life insurancec)fire insuranced)motor insuranceCorrect answer is option 'B'. Can you explain this answer?
1 answers
|
|
Direction: Read the following text and answer the questions that follow:Mr. Shailesh owns an oil factory in Rajasthan. Due to illness of his parents living in the UK, he had to go to UK. There he joined a job. He asked his friend Mr. Vijay Arora to take charge of his company till he returns to India. Mr. Vijay took a fire insurance policy for this factory from Sokhim Free Insurance Pvt. Ltd. A month before he got the fire insurance policy, he received a notice from electricity department to get the wiring of the company repaired. He didn’t inform the insurance company about it. He didn’t get the wiring of the factory repaired. After five months of taking the policy, the factory caught fire due to faulty wiring.Q. “He didn’t inform the insurance company about it.” Identify the principle violated here.a)Utmost good faithb)Insurable interestc)Proximate caused)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
1 answers
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The General Insurance Corporation of India started operation with holding companies: 1. New India Insurance Company Limited2. National Assurance Company Limited3. Agriculture insurance company of India LimitedWhich of these statements is/are correct?a) 1 and 2 Onlyb) 1 and 3 Onlyc) All of themd) None of themCorrect answer is option 'D'. Can you explain this answer?
1 answers
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Purchase goods for 20000.A insurance policy was taken for goods amounting 14000. Goods amounting to 3000 was lost by fire and a insurance claim for ₹2500 was received by insurance company. what will be journal for above transaction?
1 answers
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Chapters
View All
Insurance Terminology And Insurance Customers | Principles of Insurance
6 Docs | 6 Videos
Insurance Products | Principles of Insurance
14 Docs | 11 Videos
Insurance industry | Banking Awareness for Banking Exams
4 Docs
Insurance Contract | Principles of Insurance
6 Docs | 7 Videos
Insurance in India | Famous Books for UPSC Exam (Summary & Tests)
1 Docs | 1 Tests
Insurance in India | Lucent for GK
1 Docs | 2 Videos | 1 Tests
Insurance in India | Indian Economy for UPSC CSE
2 Docs | 2 Videos | 1 Tests
Concept of Insurance | Principles of Insurance
11 Docs | 9 Videos
Insurance in India | Indian Economy for State PSC Exams
1 Docs | 2 Videos
Insurance in India | RBI Grade B Phase 1 Preparation
1 Docs | 2 Videos | 1 Tests
Insurance Company accounts | Advanced Corporate Accounting
4 Docs
Insurance in India | Famous Books for UPSC Exam (Summary & Tests)
1 Docs | 2 Videos | 1 Tests
Insurance in India | Indian Economy for UPSC CSE
1 Docs | 1 Tests
Insurance Business And Market | Principles of Insurance
7 Docs | 6 Videos
Risk Management And Insurance | Principles of Insurance
7 Docs | 11 Videos
Employees State Insurance Act(1948) | Industrial Laws
6 Docs | 6 Videos
Insurance Claims for Loss of Stock and Loss of Profit | Accounting for CA Intermediate
2 Docs | 1 Videos
Paper 6- Auditing and Assurance (Group 2) | Crash Course for CA Intermediate
12 Videos
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Principles of Insurance
51 Docs | 50 Videos
|
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NIACL (New India Insurance) Mock Test Series
10 Tests
|
|
Banking Awareness for IBPS/SBI/LIC/Insurance exams (Hindi)
13 Videos
|
|
Insurance for SSS 3
|
|
Insurance for SSS 2
|
|
Indian Economy for UPSC CSE
315 Docs | 131 Videos | 135 Tests
|
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Famous Books for UPSC Exam (Summary & Tests)
968 Docs | 533 Videos | 394 Tests
|
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Advanced Corporate Accounting
52 Docs
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|
Industrial Laws
46 Docs | 54 Videos
|
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RBI Grade B Phase 1 Preparation
339 Docs | 229 Videos | 150 Tests
|
|
Auditing and Assurance for CA Intermediate
17 Docs | 32 Videos
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Banking Awareness for Banking Exams
164 Docs | 65 Videos
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Indian Economy for State PSC Exams
261 Docs | 118 Videos
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Accounting for CA Intermediate
34 Docs | 18 Videos
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Lucent for GK
726 Docs | 481 Videos | 259 Tests
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Commerce for SSS 2
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Crash Course for CA Intermediate
147 Videos
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Business Studies for JSS 2
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Physical and Health Education for Primary 5
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Characteristics - Reinsurance - Concept of Insurance, Principles of Insurance, B com
6078 views
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Insurance Services
3583 views
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Role of Insurance in Economic Development - Insurance Business and Market, Principles of Insurance
2637 views
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Nature & Evolution of Insurance - Risk management And Insurance, Principles of Insurance, B com
1969 views
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Insurance Contract Term - Principles of Insurance, B com
1524 views
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Characteristics & Objectives of Reinsurance, Principles of Insurance
903 views
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Introduction to Insurance, Principles of Insurance
617 views
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Benefit of Insurance - Concept of Insurance, Principles of Insurance, B com
516 views
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Life Insurance - Insurance Terminology And Insurance Customers, Principles of Insurance, B com
467 views
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Principle of Insurable Interest - Insurance Contract, Principles of Insurance
390 views
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Different Type of Insurance & Insurance Pooling - Principles of Insurance, B com
379 views
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Basics of Insurance - Risk Management and Insurance, Principles of Insurance
356 views
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Concept of Pooling in Insurance - Risk Management and Insurance, Principles of Insurance
338 views
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Nature of Insurance - Risk Management and Insurance, Principles of Insurance
326 views
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Principle of Insurable Interest - Insurance Contract - Principles of Insurance, B com
302 views
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293 views
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Type of Reinsurance - Concept of Insurance, Principles of Insurance, B com
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Benefits of Insurance, Principles of Insurance
272 views
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BVP MBA General Insurance and Reinsurance (GIR) 3rd Semester 2013 Question Papers (BVIMR)
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Principals of Insurance
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Importance of Insurance - Risk Management and Insurance, Principles of Insurance
225 views
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Life Insurance, Principles of Insurance
214 views
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Principle of Subrogation - Insurance Contract, Principles of Insurance
214 views
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Different types of Insurance - Risk Management and Insurance, Principles of Insurance
208 views
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Evolution of Insurance - Risk Management and Insurance, Principles of Insurance
204 views
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Reinsurance, Principles of Insurance
203 views
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Importance of Insurance - Risk management And Insurance, Principles of Insurance, B com
202 views
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LIC products - Insurance Products - Principles of Insurance, B com
191 views
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Non Life Insurance - Insurance Terminology And Insurance Customers, Principles of Insurance, B com
190 views
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Double Insurance, Principles of Insurance
184 views
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Marine Insurance - General insurance product, Principles of Insurance
181 views
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Basics of Insurance - Risk management And Insurance, Principles of Insurance, B com
178 views
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LIC products - Insurance Products, Principles of Insurance
177 views
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Principal of Contribution - Insurance Contract, Principles of Insurance
165 views
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Important Concept - Reinsurance - Concept of Insurance, Principles of Insurance, B com
163 views
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Put as insurance
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Insurance contracts, Principles of Insurance
145 views
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Non Life Insurance, Principles of Insurance
145 views
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External & Internal customer of insurance, Principles of Insurance
145 views
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Double cover- Reinsurance - Concept of Insurance, Principles of Insurance, B com
140 views
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Peril - Concept of Insurance, Principles of Insurance, B com
133 views
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Understanding Insurance Customers, Principles of Insurance
131 views
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Disclosure - Insurance Contract, Principles of Insurance
129 views
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Personal Accident Insurance Policy - General insurance product, Principles of Insurance
129 views
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Claim process - Concept of Insurance, Principles of Insurance
126 views
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115 views
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Insurance Regulator - Insurance Business and Market, Principles of Insurance
113 views
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109 views
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Annuities - Life insurance product, Principles of Insurance
101 views
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98 views
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Operations of Insurance Companies - Insurance Business and Market, Principles of Insurance
97 views
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Workers' Compensation insurance - Concept of Insurance, Principles of Insurance
96 views
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Annuities - Insurance Products - Principles of Insurance, B com
91 views
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Insurance Specialists - Insurance Business And Market, Principles of Insurance, B com
90 views
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BANKING AND INSURANCE
57 views
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Disaster Risk Insurance
24 views
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Insurance - 2
5 views
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Life Insurance & types of Life Insurance
5 views
|
|
Insurance - 1
4 views
|
|
What is Insurance?
2 views
|
|
Ramesh Singh Test : Insurance In India
10 Questions | 12 min
Attempt
|
|
NIACL Mock Test - 10
100 Questions | 60 min
Attempt
|
|
NIACL Mock Test - 4
100 Questions | 60 min
Attempt
|
|
NIACL Mock Test - 8
100 Questions | 60 min
Attempt
|
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NIACL Mock Test - 6
100 Questions | 60 min
Attempt
|
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NIACL Mock Test - 5
100 Questions | 60 min
Attempt
|
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NIACL Mock Test - 9
100 Questions | 60 min
Attempt
|
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NIACL Mock Test - 3
100 Questions | 60 min
Attempt
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NIACL Mock Test - 7
100 Questions | 60 min
Attempt
|
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NIACL Mock Test - 2
100 Questions | 60 min
Attempt
|
|
NIACL Mock Test - 1
100 Questions | 60 min
Attempt
|
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Insurance Terminology And Insurance Customers | Principles of Insurance
6 Docs | 6 Videos
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Insurance Products | Principles of Insurance
14 Docs | 11 Videos
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Insurance industry | Banking Awareness for Banking Exams
4 Docs
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Insurance Contract | Principles of Insurance
6 Docs | 7 Videos
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Insurance in India | Famous Books for UPSC Exam (Summary & Tests)
1 Docs | 1 Tests
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Insurance in India | Lucent for GK
1 Docs | 2 Videos | 1 Tests
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Insurance in India | Indian Economy for UPSC CSE
2 Docs | 2 Videos | 1 Tests
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Concept of Insurance | Principles of Insurance
11 Docs | 9 Videos
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Insurance in India | Indian Economy for State PSC Exams
1 Docs | 2 Videos
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Insurance in India | RBI Grade B Phase 1 Preparation
1 Docs | 2 Videos | 1 Tests
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Insurance Company accounts | Advanced Corporate Accounting
4 Docs
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Insurance in India | Famous Books for UPSC Exam (Summary & Tests)
1 Docs | 2 Videos | 1 Tests
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Insurance in India | Indian Economy for UPSC CSE
1 Docs | 1 Tests
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Insurance Business And Market | Principles of Insurance
7 Docs | 6 Videos
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Risk Management And Insurance | Principles of Insurance
7 Docs | 11 Videos
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Employees State Insurance Act(1948) | Industrial Laws
6 Docs | 6 Videos
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2 Docs | 1 Videos
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Insurance Insurance
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Insurance I
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Student of EduRev
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General Insurance
Student of EduRev
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Sks Insurance
Student of EduRev
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Student of EduRev
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Student of EduRev
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Student of EduRev
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Student of EduRev
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Student of EduRev
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Insurance Point
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Rajug Insurance
Student of EduRev
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Insurance Mart
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Insurance Agent
Student of EduRev
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Car Insurance
Student of EduRev
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Insurance Help
Student of EduRev
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Nmv Insurance Services
Student of EduRev
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Ajit Insurance , Investm
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Surabhi Insurance Broker
Student of EduRev
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Car Insurance Compare Ca
Student of EduRev
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Xxx Car Insurance Foreve
Student of EduRev
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What is difference between insurance and assurance?
2 answers
|
|
It is not a type of general insurance 1. Marine insurance 2. Fidelity insurance 3. Fire insurance 4. Life insurance?
2 answers
|
|
Difference between general insurance and life insurance ?
2 answers
|
|
In case of insurance of a property the insurable interset of the insured in the subject matter of the insurance must exist?
1 answers
|
|
reinsurance premium Related: Final accounts of life Insurance Companies - Advanced Corporate Accounting?
1 answers
|
|
expain life assurance fund Related: Valuation Balance Sheet - Insurance Company accounts, Advanced Corporate Accounting?
1 answers
|
|
Which insurance company launched E@Secure, a Cyber Insurance Policy for individuals.a)HDFC ERGO General Insurance Companyb)Bajaj Allianz General Insurancesc)Star Health and Allied Insuranced)Apollo Munich Health InsuranceCorrect answer is option 'A'. Can you explain this answer?
1 answers
|
|
The ___________________ is an autonomous, statutory body tasked with regulating and promoting the insurance and re-insurance industries in India.a)Life Insurance Corporation of Indiab)General Insurance Corporation of Indiac)Insurance Regulatory and Development Authority of Indiad)New India Assurance Co. LtdCorrect answer is option 'C'. Can you explain this answer?
1 answers
|
|
Which Company has acquired Bharti AXA General Insurance Company Ltd?a)Bajaj Allianz General Insuranceb)ICICI Lombard General Insurancec)New India Assuranced)Life Insurance Corporation (LIC)e)General Insurance CompanyCorrect answer is option 'B'. Can you explain this answer?
1 answers
|
|
‘Chhavni Covid: Yodha Sanrakshan Yojana’, a life insurance scheme to provide a cover of Rs 5 lakhs each to more than 10,000 employees working in cantonment areas across India will be provided through which insurance c ompany?a)The New India Assuranceb)Life Insurance Corporationc)United India Insuranced)The Oriental Insurance CompanyCorrect answer is option 'B'. Can you explain this answer?
1 answers
|
|
Bank assurance isa)an insurance scheme to insure bank depositsb)an insurance scheme exclusively for bank employeesc)a composite financial service offering both bank and insurance productsd)a bank deposit scheme exclusively for employees of insurance companiesCorrect answer is option 'C'. Can you explain this answer?
1 answers
|
|
S N Rajeswari has been appointed as the chairman and managing director of which insurance company?a)United India Insurance Company Limitedb)Oriental Insurance Company Limitedc)New India Assurance Company Limitedd)Universal Sompo General Insurance Companye)TATA AIG General Insurance Company LimitedCorrect answer is option 'B'. Can you explain this answer?
1 answers
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Direction: Read the following text and answer the questions that follow:Mr. Shailesh owns an oil factory in Rajasthan. Due to illness of his parents living in the UK, he had to go to UK. There he joined a job. He asked his friend Mr. Vijay Arora to take charge of his company till he returns to India. Mr. Vijay took a fire insurance policy for this factory from Sokhim Free Insurance Pvt. Ltd. A month before he got the fire insurance policy, he received a notice from electricity department to get the wiring of the company repaired. He didn’t inform the insurance company about it. He didn’t get the wiring of the factory repaired. After five months of taking the policy, the factory caught fire due to faulty wiring.“Mr. Vijay took a fire insurance policy for this factory from Zokhim Free Insurance Pvt. Ltd....”.Q. Which principle of insurance is relevant here?a)Insurable interestb)Indemnityc)Good faithd)ContributionCorrect answer is option 'A'. Can you explain this answer?
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Needed a Video for insurance? Related: Insurance Contract Term - Principles of Insurance, B com?
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balance sheet of life insurance Related: Life Insurance and types of Life Insurance?
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Needed a Document for principles of insurance? Related: Insurance Contract Term - Principles of Insurance, B com
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Name the General Insurance Company,that launched first-of-its-kind ‘Trip Protector’ policy in India?a)National Insurance Co. Ltdb)New India Assurance Co. Ltdc)Bajaj Allianz General Insuranced)HDFC ERGO General Insurance Co. Ltde)None of theseCorrect answer is option 'D'. Can you explain this answer?
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In trial balance of year ending 31.3.2017, life insurance premium is given 55000.
adjustment:
Insurance premium includes 40000 paid towards proprietor's life insurance policy and the balance of the insurance charges cover the period from 1.4.2016 to 30.6.17. How do you show it in final accounts.?
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Sanjay Bhattacharya keep his goods valued at rs 80,000 in a warehouse and had taken a fire insurance policy for the same. On 25 feb 2017,his stock caught fire, he however was not worried about the same and as he had insured the goods against the risk of fire, he did not even call the fire department for a fire lighting machines. The actual losses amounted to rs 65,000. State the relevant insurer principle in this regard. a. utmost good faith b. insurable interest c. Cause Proxima d. mitigation.?
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Sanjay Bhattacharya keep his goods valued at rs 80,000 in a warehouse and had taken a fire insurance policy for the same. On 25 feb 2017,his stock caught fire, he however was not worried about the same and as he had insured the goods against the risk of fire, he did not even call the fire department for a fire lighting machines. The actual losses amounted to rs 65,000. State the relevant insurer principle in this regard. a. utmost good faith b. insurable interest . causa Proxima d. mitigation.?
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A prepayment of insurance premium will appear in balance sheet and in the Insurance account respectively ?
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Scope of _______ has widened to include disability insurance, health/medical insurance, annuity insurance and life insurance proper.a)marine insuranceb)life insurancec)fire insuranced)motor insuranceCorrect answer is option 'B'. Can you explain this answer?
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Direction: Read the following text and answer the questions that follow:Mr. Shailesh owns an oil factory in Rajasthan. Due to illness of his parents living in the UK, he had to go to UK. There he joined a job. He asked his friend Mr. Vijay Arora to take charge of his company till he returns to India. Mr. Vijay took a fire insurance policy for this factory from Sokhim Free Insurance Pvt. Ltd. A month before he got the fire insurance policy, he received a notice from electricity department to get the wiring of the company repaired. He didn’t inform the insurance company about it. He didn’t get the wiring of the factory repaired. After five months of taking the policy, the factory caught fire due to faulty wiring.Q. “He didn’t inform the insurance company about it.” Identify the principle violated here.a)Utmost good faithb)Insurable interestc)Proximate caused)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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The General Insurance Corporation of India started operation with holding companies: 1. New India Insurance Company Limited2. National Assurance Company Limited3. Agriculture insurance company of India LimitedWhich of these statements is/are correct?a) 1 and 2 Onlyb) 1 and 3 Onlyc) All of themd) None of themCorrect answer is option 'D'. Can you explain this answer?
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Purchase goods for 20000.A insurance policy was taken for goods amounting 14000. Goods amounting to 3000 was lost by fire and a insurance claim for ₹2500 was received by insurance company. what will be journal for above transaction?
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