The amount given to the policy holder due to his liability of paying Further premium is called ………………………………..

Related MCQs

• Under ………….. , the sum assured is given to the beneficiary only On death of policy holder
• When a liability is assumed by a partner his capital account is ----------
• The clause through which the insurance claim due to loss of stock is reduced to the proportion that the policy value is …………………………..
• The insurance claim due to loss of stock is reduced to the proportion that the policy value bears to the value of stock
• In the revenue account bonus in reduction of premium is shown as
• Rebate on bills discounted is shown on the liability side of the ……….
• When a policy matures on the death of the insured , it is expressed as:
• Consequential loss policy is also known as ……………………….
• 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.