Health Insurance SCAM | Claim Rejected #LLAShorts 57

What is health insurance?

Mr. Rajiv took an Insurance Policy against his car and after three months he soid it to Mr. Kallash. The car was stolen from outside of Mr. Kailash's house . Mr. Rajiv made a claim to Insurance company . His calaim wa rejected on the ground that Mr. Rajiv was no longer owner of the car, so he has no insurable Interset and he has no financial loss of the car. (a) What does 'Principle of Insurable Interest state' ? (b) Was Mr. Rajiv right in making claim ? (c) Who should get the compensation ?

Which bank has tied with New Assurance to launch health insurance products for women accounts holders of the bank.

Below are given statements followed by some conclusions. You have to take the given statements to be true even it they seem to be at variance with the commonly known facts. Statements 1. Health insurance in India caters only to rich. 2. Health insurance sector should be regulated Conclusions I. Health insurance sector should be nationalised. II. Health Insurance is not required for poor. Decide which of the given conclusion logically follow(s) from the given statements. (A) Neither I or nor II follows (B) Either I or II follows (C) Only conclusion I follows (D) Only conclusion II follows

For the following , calculate Net Profit before Tax and Extraording Items. {:(,,"₹"),(,"Surplus i.e., Balance in Statement of Profit and Loss (Opening)","50,000"),(,"Surplus, i.e., Balance is Statement in Statment of Profit and Loss (Clsoing)","1,18,000"),(,"Dividend paid (prosed divident for the previous years)","36,000"),(,"Interim Dividend paid during the years","45,000"),(,"Transfer to Reserve","50,000"),(,"Provision for Tax made during the current year","75,000"),(,"Refund of Tax","1,500"),(,"Loss of Inventory due to fire","1,00,000"),(,"Insurance Claim Received for avove Loss","50,000"):}

Mansi is runnin a general store. The store was insured against naturel disaster like flood, earthquake and fire from Hindustan General Insurance Conpany for the amount of Rs 50 lacs. Heavy raining in the city caused massive flood. This left the store without any security. The Store was looted by people which was caught on CCTV . She claimed from the insurance company the amount of damage of 13 lacs for the material and furniture spoiled from flood and also Rs 5 lacs for the loss of meterial by theft, she also claimed another Rs 25 lacs for now converting the store into fully AC and additional floor for more stroange space. Insurance after assessoing the damage to the property and stock dur to flood and seeing the CCTV footage accepted the claim of Rs 13 lacs. Mansi argued that as she has being paying premium for Rs 50 lacs she should be paid the full claim of Rs 43 lacs. 1. What is the fundamental principle of insurance? 2. Identify the value which motivates him/her to take an insurance? 3. Identify and explain the principles of insurance involved by insurance company by accepting the claim amount.