Correct Answer : 1907
The first company to transact all classes of general insurance business was the Indian Mercantile Insurance.
Correct Answer : 1956
Correct Answer : By being on time , showing interest and being confident
Correct Answer : All of the above
Correct Answer : Copay
A copayment or copay is a fixed amount for a covered service, paid by a patient to the insurance company before patient receives service from physician
Correct Answer : Dollar
A deductible is usually mentioned in Dollar. Often, the deductible on your insurance plan will be a concrete dollar amount, but there are notable exceptions.
Correct Answer : Large
Correct Answer : An underwriting decision where decreased death benefit would be payable
A lien is a legal right granted by the owner of property, by a law or otherwise acquired by a creditor. A lien serves to guarantee an underlying obligation, such as the repayment of a loan. If the underlying obligation is not satisfied, the creditor may be able to seize the asset that is the subject of the lien. A lien is an underwriting decision where decreased death benefit would be payable
Correct Answer : Medical Referee
The medical opinion could be taken from Medical Referee. The role of a medical referee is to scrutinise specific information on the circumstances leading to death
Correct Answer : Preferred risks
If a life has an anticipated mortality significantly lower than standard lives and could be charged lower premium the life is a Preferred risks. A preferred risk is a policyholder who is considered significantly less likely to file claims.
