State True or False. The fire insurance policy is for a period of one year. After which it does not have to be renewed.
True
False
False. The fire insurance policy is for a period of one year. After which it does have to be renewed from time to time.
State True or False. A life insurance policy was introduced as a protection for individuals against the uncertainty of life.
State True or False. An insurance contract is void if the insurable interest is not present.
State True or False. Insurance provides certainty of payment for the risk loss.
State True or False. The life insurance premium is paid in one lump sum.