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English Standard 8 Semester 1 Unit 1 "Q for Question MCQ QUIZ

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સારા માર્ક મેળવવા માટે સૌ પ્રથમ આ પાઠનો વિડીયો જુઓ ત્યારબાદ ટેસ્ટ આપો

1. What is Insurance?

Insurance is a legal agreement between two parties i.e. the insurance company (insurer) and the individual (insured). In this, the insurance company promises to make good the losses of the insured on happening of the insured contingency. The contingency is the event which causes a loss. It can be the death of the policyholder or damage/destruction of the property. It’s called a contingency because there’s an uncertainty regarding happening of the event. The insured pays a premium in return for the promise made by the insurer.

2. How does insurance work?

The insurer and the insured get a legal contract for the insurance, which is called the insurance policy. The insurance policy has details about the conditions and circumstances under which the insurance company will pay out the insurance amount to either the insured person or the nominees. Insurance is a way of protecting yourself and your family from a financial loss. Generally, the premium for a big insurance cover is much lesser in terms of money paid. The insurance company takes this risk of providing a high cover for a small premium because very few insured people actually end up claiming the insurance. This is why you get insurance for a big amount at a low price. Any individual or company can seek insurance from an insurance company, but the decision to provide insurance is at the discretion of the insurance company. The insurance company will evaluate the claim application to make a decision. Generally, insurance companies refuse to provide insurance to high-risk applicants.

કવીઝ : નિકુંજકુમાર સવાણી

👉 દરેક પ્રશ્ન માટે તમારી પાસે 30 સેકન્ડ નો સમય હશે.
👉છેલ્લે તમારું સર્ટીફીકેટ જનરેટ થશે જેનો સ્ક્રીનશોટ લઇ શેર શકશો.

નીચેના બોક્સમાં તમારું નામ લાખો

સમય સમાપ્ત
સ્કોર:

QUIZ CERTIFICATE

This is to Certify that Ms. . Has attended English Standard 8 Semester 1 Unit 1 "Q for Question exam on //.

Total Question of exam : .
Attempted Question:
Corrct answers:
Worng Answer :
Total obtainaid percentage is .
Over all result is

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