………………… is the amount payable to the insured on the happening of event.

Related MCQs

• The claim lodged by the business to …………………….. on happening the event is known as insurance claim
• The claim lodged by the business to insurance company on happening the event
• The claim lodged by the business to the insurance company on happening the event of loss is called …………………..
• When a policy matures on the death of the insured , it is expressed as:
• The insurance indemnifies the insured any loss of profit arising from interruption of the normal activity
• A ………………….. loan is payable on demand
• A demand loan is payable on ……………………………………..
• In the event of dissolution of firm the partners personal assets are first used for payment of -------------- liabilities
• The amount given to the policy holder due to his liability of paying Further premium is called ………………………………..
• The profit and loss amount of general insurance companies are prepared in …………………………………..