Q. What is the purpose of insurance contracts?

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Q. Which statement accurately defines insurance?

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Q. Which type of insurance product is suitable for casual workers or unorganized workers?

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Q. What type of insurance product is recommended for borrowers?

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Q. Which type of insurance product is suitable for single persons?

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Q. What is the recommended insurance product for retired employees?

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Q. What type of insurance product would be typically suitable for a student?

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Q. What is emphasized as necessary to meet the insurance needs of various segments of people?

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Q. What is NOT a factor contributing to individuals not prioritizing life insurance products?

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Q. How does the complexity of insurance products contribute to individuals not prioritizing them?

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Q. What could be another reason for individuals not prioritizing life insurance products?

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

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

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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 properties does insurable interest have?

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

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Q. Who has an insurable interest in their employees?

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

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