GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A policy that is made mandatory for the customer to buy is called ____
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Annuity
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Pure Life Annuity
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Compulsory Cover
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None of the Above
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Explanation:
Detailed explanation-1: -Compulsory insurance is insurance that individuals, businesses, or other entities are required by law to have in force. Compulsory insurance usually covers perils that carry heavy financial costs.
Detailed explanation-2: -Ans: Yes, as per the India Motor Tariff 2002, it is mandatory to purchase a personal accident cover. The car owner car can purchase this policy with third-party liability cover as well.
There is 1 question to complete.