Krishna took a health insurance policy. At the time of taking insurance, he was a smoker and didn't disclosed this fact to company Later, he got cancer. Will insurance company pay him ?

Principles of insurance

Quiz
•
Business
•
11th Grade
•
Medium

ayush yadav
Used 25+ times
FREE Resource
11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
yes
no
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Because of which principal insurance company didn't paid krishna ?
Subrogation
Insurable Interest
Utmost Good Faith
Proximate Cause
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The principle of indemnity is not applicable
to life insurance?
TRUE
FALSE
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
After getting the claim from the insurance company the ownership rights of the property are transferred under which which principle?
Indemnity
Proximate Cause
Subrogation
mitigation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to which principle of insurance the insured should do his best to reduce the damage to the insured goods?
MITIGATION
Indemnity
Contribution
Subrogation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the insured has taken two insurance policy can he take full claim for the damaged goods from both the insurers?
YES
NO
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to this principle, an insurance policy is
designed to provide compensation only
for such losses as are caused by the
perils which are stated in the policy?
Indemnity
Insurable Interest
Subrogation
Proximate Cause
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