Insurance Knowledge Assessment

In which year General Insurance Business was Nationalized?

In case of Overseas Medical Policy the premium is payable in

In Life Insurance everyone is considered to have an interest in his own life and that of his ___

If a person has insured his property with two insurance companies then in case of fire loss both the insurance companies will compensate the loss to the owner _____

A marine insurance policy that is a combination of voyage & time policies & covers all risks during the particular voyage for a specified period of time is called _______ policy.

The marine insurance will be valid if the person is having insurable interest at the time of loss. The insurable interest will depend upon the nature of ________ contract.

When a __________finds that a Vehicle is either beyond repairs or the repairs are not in economic proposition he negotiates with the insured to assess the loss on Total Loss Basis.

Under CIF contracts the seller is responsible for arranging the _____ & delivering the goods at port of destination: 

Mediclaim Insurance was primarily introduced to cover ______ charges.

In determining the extent of liability of the Insurer, the ________of fire is immaterial unless it has been deliberately brought about by the insured.