Question # 1

The sum of marine insurance is not paid:

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If the ship changes direction

If the ship is not capable of the voyage

Trade is unneccssary

All these three

The objective of life insurance is to

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Make investment

Lessen the financial burden

Get security for loan

All the above

If a person having a property of two lakhs and insurance of fifty thousand, then in case of loss the company will pay:

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25 thousand

50 thousand

1 lakh

Nothing

If a person gets his property insured from to different company's then it is called:

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Whole life insurance

Double insurance

Compensatory insurance

None of these

If a person gets his property insured from ti different company's then it is called

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Whole life insurance

Double insurance

Compensatory insurance

None of these

The person who gets himself insured is called

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Insured

Proposer

Insurance policy

Both a and b

Paid premium is refundable in case of:

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Life insurance

Fire insurance

Valued policy

Marine insurance

According to Jiwan Sathi insurance,, the husband and wife are provided with financial security in:

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One installment

Two installment

Three installment

Fourinstallment

The voyage policy is taken for:

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Specific voyage

Specific centres

Specific person

Voyage of different countries

Why is public not inclined towards insurance in Pakistan ?

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Due to ignorance

Due to poverty

Due to economic backwardness

All three

Group insurance is popular among

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Unemployed people

Employed of business organizations

House wives

All the above

In Pakistan, life insurance business was nationalized in

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1970

1972

1973

1978

What type of security does life insurance offer ?

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Individual

Collective

Both (a) & (b)

None of (a) & (b)

Insurance is an agreement in which the insurer:

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Gives profit

Give interest

Compensates loss

All the above

The sum of marine insurance is not paid

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If the ship changes direction

If the ship is not capable of the voyage

Trade is unnecessary

All these three

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