In the Olden Days, Chinese Traders used to keep their Goods in Different Boats, while sailing through Treacherous Waters. Analyse, Why?

Related MCQs

• Analyse the Following Two Statements, and Determine the True One(s): Statement-I: The Contingent-Event occurs Certainly, in Case of General Insurance. Statement-II: The Contingent-Event occurs Certainly, in Case of Life Assurance.
• The Inhabitants of Rhodes adopted a Practice, where- by, if Some Goods were lost due to Jettisoning, during Distress, the Owners of Goods (even those who lost Nothing) would bear the Losses in Some Proportion. Which Phenomenon is illustrated, in this Scenario?
• The Free-Look Period of a Policy lasts for --- Days.
• Name the Term, used to denote the Rise in the General Level of Prices of Goods and Services, in an Economy, Over a Period of Time. Choose the Most Appropriate Option.
• Why Do, Insurers need Material Information?
• You are an Insurance-Surveyor. On Behalf of the Insurer, Why Will You survey and inspect a Property, Prior to Insurance?
• Explain to us, Why, Young People are charged Less Life Assurance Premium, when compared to the Old People.
• Why is, Cash in the Accumulation Account, Not Guaranteed, in Case of Variable Life Assurance Products?
• Why, Mortgage-Redemption-Insurance (M.R.I.) referred to as 'Decreasing, Term Assurance'?
• Identify the Two Factors, that need to be considered, while calculating Human Life Value (H.L.V.).