Correct Answer : Nominee or Beneficiary
A person who receives the benefit in case of death of the insured person is a nominee.
Correct Answer : Facultative Insurance
Facultative insurance is reinsurance for a single risk or a defined package of risks.
Correct Answer : Equity
An instrument that signifies an ownership position, or equity, in a corporation, and represents a claim on its proportionate share in the corporation’s assets and profits.
Correct Answer : All of the Above
Fire insurance is insurance that is used to cover damage to a property caused by fire. It is a specialized form of insurance beyond the property insurance. It is designed to cover the cost of replacement, reconstruction or repair which all are not covered by the property insurance policy.
Correct Answer : Industrial Insurance
It is used to cover any type of commercial property.
Correct Answer : Universal Health Insurance Scheme
Correct Answer : Solicitation of Policy
Correct Answer : Linking third party administrators
Correct Answer : Bombay Mutual Life Assurance Society
Correct Answer : All are covered
