BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The written insurance contract that may include all clauses, riders and endorsements. It is called?
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Liabilities
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Premium
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Installment
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Policy
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Explanation:
Detailed explanation-1: -Policy is the written insurance contract that may include all clauses, riders and endorsements.
Detailed explanation-2: -Answer & Solution Solution: Policy is the written insurance contract that may include all clauses, riders and endorsements.
Detailed explanation-3: -A document containing terms and conditions of insurance contract is called policy.
Detailed explanation-4: -The insurance contract or agreement is a contract whereby the insurer promises to pay benefits to the insured or on their behalf to a third party if certain defined events occur. Subject to the “fortuity principle", the event must be uncertain.
There is 1 question to complete.