Life Insurance
Trending Questions
State True or False. A life insurance policy was introduced as a protection for individuals against the uncertainty of life.
True
False
Life insurance policy provides protection to individuals against the ______________ of life.
Certainty
Uncertainty
Validity
None of the above
How many individuals are required to start a sole proprietorship business?
In this policy, the amount payable to the insured will not be paid before the death of the assured. The sum will become payable only to the beneficiaries or heir of the deceased.
Whole life policy
Endowment life assurance policy
Joint life policy
Annuity policy
This policy is taken up by two or more people. The premium is paid jointly or by either of them in instalments or lump sum.
Whole Life Policy
Endowment Life Assurance Policy
Joint Life Policy
Annuity Policy
What is the duration for the life insurance policy?
1 to 15 years
None of the above
5 to 30 years
2 to 40 years
Mr. Gupta has two children, he has taken a policy for each of them. This policy is taken to meet the expenses of their education or marriage. Which policy has Mr.Gupta taken for his children?
Endowment Life Assurance Policy
Whole Life Policy
Joint Life Policy
Children's Endowment Policy
Ram and his wife have taken a life policy. The premium is paid jointly or by one of them in installments or in total. The promised amount is paid upon the death of one person to the other survivor.
Children's Endowment Policy
None of the above
Joint Life Policy
Whole Life Policy
- secondary
- conditional
- primary
- optional
The insurance company undertakes to insures the life of a person in exchange for a sum of money called the __________.
price
premium
cost
all of the above
- Life Policies
- Endowment Policies
- Jeevan Sathi
- Jeevan Surbhi
- price
- insurance
- cost
- premium.
REQUITE
- Spare
- Repay
- Favour
- Punish