Business Studies

What are the advantages of insurance companies?


SOLUTION
The advantages of insurance companies are:
1. They invest the money of the premium on various financial institutions and earn interest upon that.
2. In case of general insurance the company only pay the amount of loss and not the actual capital after careful inspection due to which sometimes the claim of insurance is suspected to be false and the company earns all the money. 
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Subjective Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 197
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Some of the benefits not present with email are ________________.
  • A. Fixed font size
  • B. Highlight
  • C. Grammar check
  • D. All of the above

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
Number of units are 5000 and per unit price is $60, then flexible budget variable would be __________.
  • A. $5, 000, 000
  • B. $3, 000, 000
  • C. $2, 000, 000
  • D. $1, 000, 000

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 TRUE/FALSE Medium
State whether the following statement is True or False.
'You attitude' means writing the word 'you' many times in a letter.
  • A. True
  • B. False

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
For an enterprise in service sector to come under the preview of micro enterprise the total investment in plant and machinery should not be more than __________.
  • A. Rs. 25 lakhs
  • B. Rs. 20 lakhs
  • C. Rs. 50 lakhs
  • D. Rs. 10 lakhs

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
___________ is a satellite based media services provided by cellular service providers.
  • A. VSAT
  • B. DTH
  • C. Cellular mobile
  • D. All of the above

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer