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Principles And Practice Of Life Insurance
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Principles And Practice Of Life Insurance
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25 Questions

1. Annuity plan offer _______________.
2. Direct or Consequential losses refer to _________.
3. LIC was formed in 1956 through nationalization of__________ Companies
4. Insurance writing is often referred to as ___________.
5. Valuation in life insurance means
6. Cargo ship caught by fire is an example of __________.
7. Life Insurance Corporation was nationalized in
8. Corpus fund is created with contributions from the Central Government and State Government on ____________.
9. A policy protecting a group of persons, usually employees of a firm generally called as ___________.
10. Insurance business is based on __________.
11. Committee of reforms in insurance sectors during 1993 headed by ________.
12. Group insurance is ideally suited for covering _______.
13. When the same risk and subject matter is insured with more than one insurer is called as_______.
14. European started the Oriental Life Insurance Company in Kolkata in the year ________.
15. Any risk involved a situation where there is a possibility of gain refers to ________.
16. Life insurance in its present form came to India from ______.
17. The burden of proof of the loss within the scope of policy is upon the __________.
18. The Insurer who grants a guarantee from the direct insurer is called as _________.
19. When the amount for which a subject matter is insured is more than its actual value is called __________.
20. Valuation in life insurance means ___________.
21. The premium is lowest for ____________.
22. Claim forms are not compulsorily used in ________.
23. The organisation structure of LIC refers to ___________.
24. In life insurance, profit is determined by____________.
25. A human life is an income-generating asset___________.

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