Exam 16: Understanding Principles and Types of Insurance Policies

Marine insurance may cover loss or damage to the

The principle of utmost good faith is meant to protect the interest of

Property insurance may not include

A marine insurance is a contract of

Insurable interest is

The term 'Assurance' refers to ___________

Health insurance can be availed by people aged between ______ and ______

The principle of utmost good faith is important to ensure

Fire insurance came into existence after the Great Fire of London in

Under ________ insurance, loss of profit policy is called as consequential loss policy

Motor insurance provides insurance cover to

In the case of life insurance, the principle of insurable interest operates

Hull insurance is a type of

Which of the following insurance contract is not based on the principle of indemnity.

Marine insurance may cover loss or damage to the ________

Which of the following risks are insurable?

In case of life insurance, insurable interest should exist

Crop insurance covers the risks of

The central office of LIC of India is located at ________

________ was the first Indian Insurance Company