Which Life Insurance Do I Have? (Part 6)

What is life insurance?

Explain the principle of Insurable Interests. When must Insurable Interest exist in Life Insurance, Fire Insurance and Marine Insurance?

"The insured must have an Interest in the subject matter of insurance. "Which principle of insurance is related to this statement ?

Why is life insurance considered as a contract of assurance ?

The process by which a life insurance policyholder can transfer all rights, title and interest under a policy contract to a third person is known as

The process by which a life insurance policyholder can transfer all rights, title and interest- under a policy contract to a third person is known as

"The insured must take care of his goods and other, for which insurance is being taken as he was taking insurance policy. "To which principle of insurance is the related ?