Rakesh recently bought a health insurance policy and a personal accident policy. What main section(s) of the insurance market do these products normally fall into?

A Life insurance in both cases
B Life insurance for health and non-life insurance for personal accident
C Non-life insurance in both cases
D Non-life insurance for health and life insurance for personal accident

Correct Answer: Non-life insurance in both cases

Rakesh recently bought a health insurance policy and a personal accident policy. The insurance market fall in Non-life insurance in both cases.
Bissoy MCQ
#Commerce #Insurance

Related Questions

According to a survey of business firms in a certain city, 750 firms offer their employees health insurance , 640 offer dental insurance and 280 offer health insurance and dental insurance. How many firms offer their employees health insurance or dental
A 920
B 1,100
C 1,110
D 1,030
Which of the following are products and services bought by final consumers for personal consumption? These include convenience products, shopping products, specialty products, and unsought products.
A Material and parts
B Consumer products
C Industrial products
D Capital items
A policy document for a money-back policy includes the statement of the proposal and declaration signed by the proposer form the basis of the contract's. In which main section of the policy document will this normally appear?
A Attestation
B Operative clause
C Preamble
D Terms and conditions
Mr. Zaman is insured completely for Tk. 1,50,000 against damages to his machinery. For any damage over Tk. 1,50,000 the insurance company will pay Tk. 1,50,000 plus 15% of the additional damage. For a recent accident, Mr. Zaman was paid Tk. 1,56,000 by the insurance company. What was the total amount to the damage estimated?
A Tk. 1,04,000
B Tk. 90,000
C Tk. 40,000
D Tk. 80,000
Mr. Rahman is insured completely for Tk. 50,000 of damages to his machinery. For any damage above Tk. 50,000 the insurance company will pay Tk. 50,000 plus 20% of the rest of the damage amount. For a recent accident, Mr. Rahman was paid Tk. 56,000 by the insurance company. What was the total amount of the damage estimated?
A Tk. 30,000
B Tk. 280,000
C Tk. 104,000
D Tk. 80,000
Mr. Rahman is insured completely for Tk. 50,000 of damages to his machinery. For any damage above Tk. 50,000 the insurance co. will pay Tk. 50,000 plus 20% of the rest of the damage amount. For a recent accident, Mr. Rahman was paid Tk. 56,000 by the insurance co. What was the total estimated damage?
A Tk. 30,000
B Tk. 280,000
C Tk. 104,000
D Tk. 80,000
Mr. Rahman is insured completely for Tk. 50,000 of damages to his machinery. For any damage above Tk. 50,000, the insurance company will pay Tk. 50,000 plus 20% of the rest of the damage amount. For a recent accident, Mr. Rahman was paid Tk. 56,000 by the insurance company. What was the total amount of the damage estimated?
A Tk. 30,000
B Tk. 2,80,000
C Tk. 1,04,000
D Tk. 80,000
Mr. Jaman is insured completely for Tk. 1,50,000 against damages to his machinery. For any damage over Tk. 1,50,000, the insurance company will pay Tk. 1,50,000 plus plus only 15% of the additional damage. For a recent accident, Mr. Jaman was paid Tk. 1,50,000 by the insurance company. What was the total amount of the damage estimated?
A Tk. 1,04,000
B Tk. 90,000
C Tk. 40,000
D Tk. 80,000
Mr. Jaman is insured completely for Tk. 1,50,000 against damages to his machinery. For any damage over Tk. 1,50,000 the insurance company will pay Tk. 1,50,000 plus only 15% of the additional damage. For a recent accident, Mr. Jaman was paid Tk. 1,56,000 by the insurance company. What was the total amount of the damage estimated?
A Tk. 1,04,000
B Tk. 90,000
C Tk. 40,000
D Tk. 80,000
Mr. jaman is insured completely for Tk. 150000 of damages to his machinaery . For any damage over Tk. 150000, the insurance company will payTk. 150000 plus only 15% of the additional amount For a recent accident. Mr. jaman was paid Tk. 156000 by the insurance company. What was the total amount of the damage estimated/
A 190000
B 40000
C 104000

Next steps