ECONOMICS (CBSE/UGC NET)

ECONOMICS

INSURANCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following insurance covers vehicles?
A
Mortgage
B
Racing
C
Automobile
D
Life
Explanation: 

Detailed explanation-1: -Auto insurance in India covers the loss of or damage caused to the automobile or its parts due to natural and man-made calamities. It provides accident cover for individual owners of the vehicle while driving and also for passengers and third party legal liability.

Detailed explanation-2: -Different types of general insurance include motor insurance, health insurance, travel insurance, and home insurance.

Detailed explanation-3: -There are three different types of insurance-Private Car Insurance, Two-wheeler Insurance, and Commercial Vehicle Insurance.

Detailed explanation-4: -Third-Party Liability Only Cover. Collision Damage or Own Damage (OD) Cover. Personal Accident Cover: Zero Depreciation Insurance: Comprehensive Car Insurance: 26-Aug-2021

There is 1 question to complete.