Скачать или смотреть INSURED, INSURER, INSURANCE POLICY, PREMIUM, CLAIM I Class 11 Business studies I Business Services

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LECTURE BY SRCC GRADUATE 🎓 II ANSHITA JINDAL II VIDYAM II BEST BUSINESS STUDIES TEACHER 📚

Class 11 Business Studies 📘
Chapter 4: Business Services 🧾
Topic: Insured, Insurer, Insurance Policy, Premium, Claim 🛡️💰
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👉 Insured: The person or party who buys the insurance and is protected against risk.
👉 Insurer: The company or organization that provides insurance coverage.
👉 Insurance Policy: A written contract that contains all terms and conditions of the insurance.
👉 Premium: The fixed amount paid by the insured to the insurer at regular intervals.
👉 Claim: A formal request made by the insured to the insurer for compensation after a loss has occurred.

📌 Example:
If Rahul takes a health insurance policy from LIC and pays ₹5,000 annually, Rahul is the insured, LIC is the insurer, ₹5,000 is the premium, the contract is the insurance policy, and if Rahul files for reimbursement after hospitalization, it is called a claim.
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🎯 This video makes it very easy to understand the key insurance-related terms for Class 11 students with simple examples and clear explanations 🎓✨.

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Insured and Insurer meaning
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