MEDIUM
IBPS Clerk Mains
IMPORTANT
Earn 100
_____ principle means that the insured is not entitled to make a profit on his loss.
50% studentsanswered this correctly
Important Questions on Knowledge of Financial Sector
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.
MEDIUM
IBPS Clerk Mains
IMPORTANT
_____ principle in insurance mention the assured must have an insurable interest in the life or property insured.
EASY
IBPS Clerk Mains
IMPORTANT
The first insurance contract was entered into by European Maritime Nations in 1347 to accept _____ insurance as a practice.
EASY
IBPS Clerk Mains
IMPORTANT
Dr Nicholas Barbon set up in 1967 the first fire insurance company known as the _____.
EASY
IBPS Clerk Mains
IMPORTANT
The oldest life insurance company in existence today is the society for the equitable assurance of lives and survivorship known as _____.
EASY
IBPS Clerk Mains
IMPORTANT
The Sanskrit term _____ the name of LIC of India corporate headquarters is found in Rigveda.
EASY
IBPS Clerk Mains
IMPORTANT
The _____ was the first insurance company to be set up in India to help the widows of the European community.
