What is meant by insurance?
What type of compensation insurance provides?
What is the importance of insurance?
What will happen if any risk happens?
Between whom does insurance contract take place?
What are the seven principles of insurance?
Insurance contract is a contract of uberrimae fidei. What does it mean?
What is fundamental difference between insurance contract and most other commercial contracts?
Whether principle of utmost good faith is applicable to all types of insurance?
What is meant by material fact? Give example.
What are the consequences if insured breaches utmost good faith?
If the insurer fails to uphold the principle of utmost good faith, what are the potential repercussions?
When a person is said to have an ‘insurable interest’ in something?
Whether a creditor has an insurable interest in the life of a debtor?
When should insurable interest be established in an insurance contract: at the inception of the policy, at the time of a claim, or both?
What is meant by principle of indemnity?
Whether principle of indemnity is applicable to life insurance?
What are the various factors which affect indemnity in insurance?
What is meant by principle of proximate cause?
What is the meaning of proximate cause?
When is an insurance company liable for a loss that is the result of multiple causes?
Determination of proximate cause is often a complex legal question. Discuss.
What are the various challenges in determining Proximate Cause?
What is meant by concurrent causes?
What is meant by intervening cause?
Do large claims increase the likelihood of insurers denying liability for claim?
What happens if there is a dispute between insurer and insured with regard to proximate cause of loss?
What is meant by the principle of subrogation?
What is the purpose of subrogation?
What is meant by principle of contribution?
How is liability apportioned among multiple insurers covering the same loss?
How the principle of contribution prevents the insured from profiting from the loss?
Whether the principle of contribution is applicable to all types of insurances?
What is meant by principle of loss minimization?
What are the various benefits of loss minimization?
What are the various functions of insurance?
How the insurance improves the efficiency of the organization?
Insurance helps in capital formation. Discuss.
What are the various types of insurance? Discuss.
What is meant by life insurance?
Whether the policy holder pays the life insurance premium in lumpsum?
What are the various benefits of life insurance?
What if the principle of insurable interest were not applied to life insurance?
Whether the claim is payable if the insured dies by suicide?
The life insurance contract must have all the essentials of a valid contract. What are those essentials?
What are the unique elements of a life insurance contract?
What is meant by material facts?
Life insurance is not a contract of indemnity. Discuss.
What key factors should be considered when choosing a life insurance policy?
What are the various factors which affect life insurance premium?
What are the various types of life insurance policies?
Write a few lines on whole life policy?
What do you know about joint life policy?
For whom are annuity policies a suitable financial investment?
In children’s endowment policies, is the life insurance coverage primarily for the child or the parent?
What are the primary benefits and features offered by money-back insurance plans?
Who typically purchases group insurance plans?
What is meant by term insurance?
