tarun owns a training school of performing arts in jaipur. On the suggestion of a friends he took an insurance policy for the school. a few months later a fire broke out in one portion of the school due to burst of a gas cylinder in the kitchen. The total amount of loss was estimated to be rupees 40000 which included a few musical instruments that was partly burned . As per Tarun's estimated Rs 7000 could be realised by selling off these instruments . Tarun filed an insurance claim with the company and received a cheque of rupees 40000 in due course of time . But the insurance company refused to let him take the money which was realise from selling the party damage musical instruments. identify and expain the related principles of insurance been described in the above lines.
Answers
tarun owns a training school of performing arts in jaipur. On the suggestion of a friends he took an insurance policy for the school. a few months later a fire broke out in one portion of the school due to burst of a gas cylinder in the kitchen. The total amount of loss was estimated to be rupees 40000 which included a few musical instruments that was partly burned . As per Tarun's estimated Rs 7000 could be realised by selling off these instruments . Tarun filed an insurance claim with the company and received a cheque of rupees 40000 in due course of time . But the insurance company refused to let him take the money which was realise from selling the party damage musical instruments. identify and expain the related principles of insurance been described in the above lines
Answer:
Jaipur is sitting on a ticking time bomb as hundreds of commercial buildings in the city do not have fire NOCs or required fire safety equipment. These buildings include coaching centres, rooftop restaurants and commercial complexes. The city is yet to fully learn from the tragic accidents that occurred recently at a Surat coaching centre, where 22 students lost their lives, and from the Mumbai Kamala Mills incident that claimed 14 people. The JMC and JDA did sent notices to many such places and even closed down a few coaching centres. But these efforts need to be intensified as Friday’s incident clearly indicates. The government should make sure that all commercial buildings follow required safety norms without letting political interference handicap its work.