Illustrate the Principle of Pooling, in Relation to Insurance.

Related MCQs

• Mr. Brijesh purchased a 20-Years' Unit-Linked Insurance-Plan (U.L.I.P.), from ABC Insurance Company. If Mr. Brijesh Dies, Before the Maturity of the Policy, then Insurance Company will have to pay --.
• Mr. Manish asks His Insurance-Advisor, the Primary Purpose of Insurance. Help Mr. Manish, Identify the Primary Purpose of Insurance, from the Following Options.
• Illustrate the Purpose of Grace-Period.
• Illustrate the Process involved in Ordinary Revival of Policy.
• Illustrate the Computation, a Person would use, to Determine the Current Value of a Desired Amount, for the Future.
• Illustrate the First Step of Financial Planning Process.
• Illustrate, as to How, the Internet aids in the Process of Financial Planning ... I: Provides the Information, Related to Various Facets of Financial Planning. II: Provides the Up-Dated Information, Regarding the Performance of Various Investment-Products. III: Provides the Quotations, which can aid in making the Financial Decisions.
• Illustrate the Purpose of Having the Capital-Adequacy Norms for the Insurers.
• What Does the Term: “Premium”, Denote, in Relation to an Insurance Policy?
• Mr. Vimal is a 32-Years' Old, Healthy, Non-Smoker, Teetotaller Individual; Who applies for Life Assurance from ABC Limited Insurance Company. Which One of the Following Statements, will Hold True, with Regard to Risk-Acceptance by the Insurance Company?