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When the insurance companies tying up with banks to sell insurance such product is called _____
c. Bancassurance When the insurance companies tying up with banks to sell insurance such a product is called Bancassurance.
c. Bancassurance
When the insurance companies tying up with banks to sell insurance such a product is called Bancassurance.
See less______are agents but they can sell policies of several life and non-life insurance companies at a time.
b. Brokers are agents but they can sell policies of several life and non-life insurance companies at a time.
b. Brokers are agents but they can sell policies of several life and non-life insurance companies at a time.
See less______are independent professionals appointed by an insurance company to assess the loss or damage when a claim is notified under a policy issued by them.
b. Loss assessors are independent professionals appointed by an insurance company to assess the loss or damage when a claim is notified under a policy issued by them.
b. Loss assessors are independent professionals appointed by an insurance company to assess the loss or damage when a claim is notified under a policy issued by them.
See lessWhich of the following in the insurance are just like the retailers of any consumer product who help in selling and distributing the product?
c. Agents in the insurance are just like the retailers of any consumer product who help in selling and distributing the product.
c. Agents in the insurance are just like the retailers of any consumer product who help in selling and distributing the product.
See lessWhich of the following amendment has allowed cooperative societies to carry on insurance business?
c. Insurance (Amendment) Act, 2002 amendment has allowed cooperative societies to carry on insurance business.
c. Insurance (Amendment) Act, 2002 amendment has allowed cooperative societies to carry on insurance business.
See lessWhich committee suggested the re-opening up of the insurance sector to private players?
b. R.N. Malhotra Committee suggested the re-opening up of the insurance sector to private players.
b. R.N. Malhotra Committee suggested the re-opening up of the insurance sector to private players.
See lessWhich principle in insurance mention the cause of loss must be direct and an insured one in order to claim for compensation?
b. Causa Proxima
b. Causa Proxima
See lessThe purpose of ______is to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss.
a. Subrogation The purpose of subrogation is to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss.
a. Subrogation
The purpose of subrogation is to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss.
See less______ principle means that the insured is not entitled to make a profit on his loss.
b. Indemnity principle means that the insured is not entitled to make a profit on his loss.
b. Indemnity principle means that the insured is not entitled to make a profit on his loss.
See less______ principle in insurance means maximum truth.
b. Causa Proxima principle in insurance means maximum truth.
b. Causa Proxima principle in insurance means maximum truth.
See less