Business Studies

Fill in the blanks with suitable words in the following incomplete sentences.
The person who receives the benefit is called ____ in insurance.


SOLUTION
A person who buys insurance is known as an insured or as  the policyholder.  
The policyholder assigns a person called "the beneficiary" who receives the benefit of insurance. 
The beneficiary can be the policyholder himself or any other person.
View Full Answer

Its FREE, you're just one step away


Subjective Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 146
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
If you have not made any claim on your vehicle insurance for the previous year, then you are eligible for a ______.
  • A. Depreciation
  • B. Own Damage Premium
  • C. No-Claim Bonus
  • D. Personal accident cover

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
Select the option from the choices given below:
________ insurance is contract to cover risk of loss due to perils of the sea.
  • A. Fire
  • B. Marine
  • C. Life
  • D. general

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Subjective Medium
What is the difference between a with-profit and without-profit insurance policy?

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
All types of voice and non voice messaging services are known as ______________.
  • A. Business services
  • B. Telecom services
  • C. Social services
  • D. Personal services

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 TRUE/FALSE Medium
State the following statement is True or False:
The facility given by the bank to draw money over and above the actual account balance is called overdraft.
  • A. True
  • B. False

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer