EASY
IBPS Clerk Mains
IMPORTANT
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Which of the following terms is dissimilar to the other four in context of insurable interest in life insurance?
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Important Questions on Knowledge of Financial Sector
EASY
IBPS Clerk Mains
IMPORTANT
As per the Insurance Act, every insurer has to prepare at the end of the financial year:
MEDIUM
IBPS Clerk Mains
IMPORTANT
Time policies relate to:
EASY
IBPS Clerk Mains
IMPORTANT
Select the expanded form of ALOP used in insurance.
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IBPS Clerk Mains
IMPORTANT
Insurance can not prevent the occurrence of the risk, but it provides for the _____.
EASY
IBPS Clerk Mains
IMPORTANT
Which of the following terms matches closest with "Composite policy"?
MEDIUM
IBPS Clerk Mains
IMPORTANT
_____ principle means that the insured is not entitled to make a profit on his loss.
MEDIUM
IBPS Clerk Mains
IMPORTANT
The purpose of _____ is to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss.
MEDIUM
IBPS Clerk Mains
IMPORTANT
_____ principle in insurance mention the cause of the loss must be direct and an insured one in order to claim for compensation.
