Business Services Test - 2

Banks and transport companies do not provide any DTH services. Airtel is the cellular company which provides DTH Services.

Since the birth of the industry over a decade ago, flexibility of resources - such as space, labor, and equipment - has been one of the primary advantages of public warehousing. With the current trend toward reducing inventories, there is a constant demand for variable space, labor, and equipment required to support the business during peak season or large growth cycles. Given adequate lead-time, public warehouses are able to offer manufacturers total flexibility to either increase or decrease their space, equipment, and human resources requirements.

Insurance is an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.Hence it inncludes risk sharing and with passage of time it has become a good source of capital formation as well.

Lending of money is giving money as a loan for interest for fixed period of time and return is confirmed and no risk cover is involved

But in insurance the insured has to pay annual premium to insurer company for risk cover and hence it does not include any lending of money.

Life insurance is a contract between an insured and an insurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of an insured person while Indemnity contract is compensation for damages or loss. Indemnity in the legal sense may also refer to an exemption from liability for damages.

A life insurance contract does not resemble a contract of indemnity because the insurer does not undertake to indemnify the assured for any loss on maturity or death of the assured but promises to pay sum assured in that event. 

CWC stands for Central Warehousing Commission.It is a premier Warehousing Agency in India, established during 1957 to provide logistics support to the agricultural sector and is one of the biggest public warehouse operators in the country offering logistics services to a diverse group of clients.

A money back policy is a more complex life insurance policy than a term plan or a standard life insurance. A normal term plan or standard life insurance covers death risk and assures to pay sum to the insured party on maturity. But a money back policy provides additionally certain amounts called survival benefits in addition to the sum assured and a bonus from the insurance company based on its performance.

Childeren' money back plans are designed to meet the future goals of a child like Higher education, marriage expenses.It was introduced in 1995 with the purpose of develpoment of childeren.

The Insurance Act, 1938 is a law originally passed in 1938 in British India to regulate the Insurance sector. It provides the broad legal framework within which the industry operates.

The minimum period for Term policy is 1 Year and more. The death benefit of the policy is paid only if the insured dies during that period. If the insured lives beyond the term period, no death benefit is paid. Typically, there are no cash values or loan values for term life insurance.

liability insurance is only responsible for the other party's losses. Your person and your property are unprotected, but the insurance protects you from being held responsible for the other party's damages.