Insurance

2. Policies that pay a certain percentage of the plan’s sum assured after regular intervals.
5. IRDA HEADQUARTERS
6. Spreads the risk to avoid an enormous unmanageable financial strain on a single entity.
10. A reason for _____is that the burden of loss is more nearly placed on the shoulders of those responsible.
12. Amalgamation of financial services under one roof
14. insurance Policy that provides financial coverage to the beneficiary of the policy if the life insured dies during the active term of the policy.
15. Items that are not protected under a insurance policy, and against which if claimed, insurance company wouldn’t pay any benefit.
16. This principle applies when the insured takes more than one insurance policy for the same subject matter.
17. The IRDA was incorporated as a statutory body in_____
18. Additional paid-up feature to widen up the scope of the base life insurance policy.
19. Prior to the expiration of the grace period, the policy _____ if the policyholder does not pay the premiums.
20. In _____the Indian Insurance Companies Act was enacted

1. Cause This principle applies when the loss is the result of two or more causes.
3. Statement made by an applicant for insurance before the policy is issued.
4. One of the crucial deciding factors when it comes to health insurance.
7. Risks that results from factors outside of anyone's control.
8. A risk where the direction of the conclusion is unpredictable and could lead to a loss, gain, or break-even condition.
9. Claim This feature ensures that all medical bills are directly settled between your insurer and hospital.
11. Year in which Life Insurance sector nationalised/Life Insurance Corporation came into existence
13. When one reinsurance company and another insurance company assume some risks.