Question

. Mr. Prasahant Kumar is the owner of a Transport Company. He went to the LIC office
to get himself insured. There he came to know that in the Life Insurance Policy.
Security and Investment both the features are implicit. Then, he went to the office
of United India Insurance Co. Ltd.' to get the trucks of his company insured. On
reaching there, he learnt that this insurance was different from Life Insurance and
that this type of Insurance is called General Insurance. It implies only the security
element.
Mr. Prashant is incapable of understanding the elements of security and investment
in Life Insurance and only security in General Insurance. He wants you to make him
understand the difference between the two. How will you help him?


Business studies case study please correct answer tell me​

Answer 1

Answer:

Mr. Prasahant Kumar is the owner of a Transport Company. He went to the LIC office

to get himself insured. There he came to know that in the Life Insurance Policy.

Security and Investment both the features are implicit. Then, he went to the office

of United India Insurance Co. Ltd.' to get the trucks of his company insured. On

reaching there, he learnt that this insurance was different from Life Insurance and

that this type of Insurance is called General Insurance. It implies only the security

element.

Mr. Prashant is incapable of understanding the elements of security and investment

in Life Insurance and only security in General Insurance. He wants you to make him

understand the difference between the two. How will you help him?