one of the difference between contract of life a...
one of the difference between contract of life assurance and non life insurance is?
non-life requires renewal while life does not
life requires renewal while non-life does not
life is subject to indemnity while non life is not
non-life is subject to compensation while life is not
Correct answer is D
Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of an insured person.
Non- life insurance refers to the insurance of goods and properties. ... Non- life insurance is taken as a means of providing financial protection for building, machinery, equipment, furniture, and vehicle and merchandise items against the risk of fire, earthquake, accident and theft.
The document used pending the issuance of certificate in motor insurance policy is ...
The compensation would be calculated as ...
one of the duties of a loss adjustor is ...
The person named to recieve the life assurance proceeds after the date of the life assured...
An attachment to an insurance policy that modifies the policy is? ...
car plying the road seeking passengers for payment of fares are classified by insurers as? ...
A document issued by an insurer giving temporary protection to the insure is? ...