Q. What is the basis on which insurance would be granted in most countries?

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Q. When is an insurance contract considered concluded?

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Q. In what condition are insurance contracts considered valid if payment is made by cheque?

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Q. What problem do insurers face with regards to 'unconcluded' contracts?

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Q. Who can enter into a contract as a proposer for an insurance product?

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Q. What is the minimum age requirement for a proposer to enter into a contract for an insurance product?

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Q. Can a minor person enter into a contract as a proposer for an insurance product?

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Q. Under what conditions can an illiterate person enter into a contract for an insurance product?

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Q. What option is available for a person with a physical deformity preventing them from signing to enter into a contract for an insurance product?

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Q. Who are the parties involved in a life insurance contract?

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Q. What is the relationship between the proposer and the life assured in a life insurance contract?

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Q. What does insurable interest mean in the context of a life insurance contract?

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Q. Who has an insurable interest in their employees?

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Q. What type of income stresses financial dependence and is considered for insurable interest?

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Q. What properties does insurable interest have?

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Q. Who is usually the beneficiary in the case of contracts where the policyholder and life assured are the same?

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Q. What is the role of the nominee in an insurance contract?

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Q. Who usually has a right over the policy monies to the extent of their interest?

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Q. How are insurance products typically sold in the market?

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Q. What is one of the reasons why life insurance products are generally not given priority by individuals?

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