Question

3. Answer the following questions in short :
(1) State the principles of insurance, (2) Give a list of types of General Insurance
(3) Life insurance does not apply to loss-compensation principle - why?
(4) Write a note on Health Insurance.
(5) Write a note on Public Provident Fund scheme.
(6) For what kind of products Pipeline transit is most suitable ?​

Answer 1

Answer

1) In the insurance world there are six basic principles that must be met, ie insurable interest, Utmost good faith, subrogation and contribution.

2) Health insurance

Accident insurance

3) The principle of indemnity is not applicable to life insurance because the insurer may pay any amount but the insured cannot be brought back to the same state.

4) Health insurance is an insurance product which covers medical and surgical expenses of an insured individual.

5) The Public Provident Fund (PPF) is introduced by the National Savings Institute of the Ministry of Finance in 1968.

Answer 2

Answer:

Your answer is in attachment.

Explanation:

Its showing; 'Rude we don't use such words here'.