Pratishtha Aggarwal posted an Question
April 03, 2022 • 12:47 pm 30 points
  • UGC NET
  • Commerce

Ordinary insurance industrial and intermediate insurancw

ordinary insurance industrial and intermediate insurancw

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    Barkha best-answer

    Ordinary insurance is a type of life insurance contract so that the premium are payable as long as the lives is insured. The contract is not paid up and does not mature until the named insured reaches ag 100 or dies whichever event come first. intermediate insurance is a reinsurance broker who negotiate contacts of reinsurance on behalf of the reinsured usually with those reinsures that recognised broker and pay them comission on reinsurance premium ceded.

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