An annual payment which an insurer guarantees to pay for lump sum money received in the beginning is called ………………..

Related MCQs

• 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.
• Under ………….. , the sum assured is given to the beneficiary only On death of policy holder
• When bonus share are received the average cost of the existing shares are …………………………….
• In the event of dissolution of firm the partners personal assets are first used for payment of -------------- liabilities
• Money at call and short notice is an ……………… of the banking company.
• Assets which does not carry more than normal risk attach to business and no provision in required to be made against such assets are called
• The turnover during that period in the twelve month immediately before the date of damage which corresponds with the indemnity period is called ……………………………….
• The agreement of insurance is called as………
• The consideration in insurance for covering the risk is called………….
• The amount given to the policy holder due to his liability of paying Further premium is called ………………………………..