MARINE INSURANCE II TYPES OF NSURANCE II CLASS 11 BST CH-4 BUSINESS SERVICES II ANSHITA JINDAL
Rewrite Class 11 Business Studies
Chapter 4: Business Services
Topic: MARINE INSURNACE
MARINE INSURANCE provides protection against loss by marine perils or perils of the sea. It includes:
Ship or Hull Insurance
Cargo Insurance
Freight Insurance
the party taking the insurance is called as “INSURED”
The party doing the insurance is known as “INSURER”
The timely fees paid by Insured is known “INSURANCE PREMIUM”
The amount paid to insured in case of loss is known as “INSURANCE CLAIM”
The Agreement of Insurance is called as “INSURANCE POLICY”
In this video we have explained the meaning of life insurance in detail. We have explained it with examples. Watch full video to best understand the meaning of life insurance
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