When a policy matures on the death of the insured , it is expressed as:

Related MCQs

• Under ………….. , the sum assured is given to the beneficiary only On death of policy holder
• ………………… is the amount payable to the insured on the happening of event.
• The insurance indemnifies the insured any loss of profit arising from interruption of the normal activity
• In …………. The insurer agrees to pay a certain sum of money to the Policyholder either on his death or a certain age, whichever is less.
• The amount given to the policy holder due to his liability of paying Further premium is called ………………………………..
• The clause through which the insurance claim due to loss of stock is reduced to the proportion that the policy value is …………………………..
• Consequential loss policy is also known as ……………………….
• The insurance claim due to loss of stock is reduced to the proportion that the policy value bears to the value of stock
• The insurance policy is less than the value of stock
• At the time of calculating insurance claim , the average clause is ………………. If the value of stock at the date of fire was more than the policy value.