"Life insurance contract may be defined as the contract whereby the insurer in the consideration of a premium undertakes to pay a certain sum of money either on a death of the insured or on the expiry of the fixed?period." Who gave this definition?
B.M. Shrestha A.N. Agrawala G.D. Pandey M. N. Mishra
Non-life or general insurance includes ______
miscellaneous insurance marine insurance fire insurance all the options are correct
______ is a contract in which the insurer promises to pay a certain sum of money to the insured in case of loss of properties caused by setting a fire within specified period of time.
Motor insurance Marine insurance Avation insurance Fire insurance
"Fire insurance is a device to compensate for the loss consequent upon?destruction?by?fire." Who gave this definition?
O.P. Gupta Bill?Weipers M. N. Mishra A. Ashley
"Marine insurance has been defined as a contract between insurers and insured whereby the insurer undertakes to indemnify the insured in a manner and to the interest thereby agreed, against marine losses incident to marine adventures." Who gave this definition?
M. N. Mishra Indian Marine Insurance Act, 1963 Bill?Weipers A. Ashley
______ is a process of making financial compensation against the loss caused by embezzlement, theft, error or fraud committed by the staff of the business.
Fidelity guarantee insurance Employer's liability insurance Motor insurance Aviation insurance