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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. With profit policy is also termed as _______.
2. A kind of insurance which provides for indemnity for loss against health such as loss of time and medical expenses due to sickness is called _________.
3. Corpus fund is created with contributions from the Central Government and State Government on ____________.
4. The expenses which do not vary with the amount of business written are called _________.
5. Claim forms are not compulsorily used in ________.
6. A person insured his goods worth Rs. 2000 for Rs. 1600 and suffers a loss of Rs. 1800. His claim can be for__________.
7. Occupation is important for risk classification because of _________.
8. _______ means those risks which involve a situation where there is a possibility of gain.
9. If a life insured has died a few days before date of maturity, but after signing discharge form, to whom should the claim be paid?.
10. What are with profit policies?
11. ____ insurance were amalgamated under GIC
12. Notification of Alteration in Risk is a condition _____________.
13. Which of these persons will not be given a license to work as an insurance agent?
14. A plan of insurance is said to be different from another if __________.
15. Who is benefited if a policy is under the salary savings scheme?
16. A policy which has been assigned, will revert to the assignor.
17. Life Insurance Company was setup in ________.
18. What is a proposal?.
19. The Head office of United India Insurance co, Ltd, is _______.
20. What is meant by a claim under an insurance policy?.
21. Committee of reforms in insurance sectors during 1993 headed by ________.
22. Under Nomination, the Nominee gets only the right to receive the policy money in the ___________ of the policyholder.
23. Average clause is a fire policy_________________.
24. For the introduction of a group scheme, we need a _________.
25. Life Insurance Company was setup in