1. GENERAL INSURANCE
1. You are starting/having business. You may have
risk/loss due to fall in market share /lack of
demand. Can you insure against such risk?
2. You are a large branch net work organization.
The assets keep varying regularly. Insurance
requires clear statement of assets. Is there any
way for insuring these assets?
3. Can you Insure if you do not know the nature of
impending risk, but know for certain that there is
an impending risk?

2. GENERAL INSURANCE
4 Over a period of time your organization (a large branch net work)
finds that the premium paid is not compensated by claims made.
Without foregoing insurance concept how could you prevent cash
outflows?
5 A locker box/closed box has a valuable of whose content is not
known to you, but the value as told by your friend, who has given it
you for safe keeping is Rs.5lakhs. The box is given to you for safe
keeping and return after an year when your friend returns from
foreign. You have undertaken the responsibility but do not want loss
in the event of damage to the box. You have embarrassments to ask
for the name of the content and therefore cannot ask. Can you insure
the box without knowing the content but only the value?

3. GENERAL INSURANCE
6.You have identified two probable clients who might give
you business to the extent of Rs.3lakhs and resultant profit
of Rs.10,000/=. Your business is insured against natural
calamity. Both the probable clients die in earth quake --- a
natural calamity. Can you claim the loss as per the policy?
7.A motor car is covered under insurance for the past three
years by prompt renewal. This year though the secretary
has been instructed to send the renewal CHEQUE for
insurance she sends it after two days’ delay. In the
meantime car gets damaged in fire. Can the claim be
successfully made for fire loss from the insurance
company?

4. GENERAL INSURANCE
8. In a policy it is just stated that the damage
by fire is covered. In an electrical short
circuit a cotton bale catches fire and
thereafter the insured property catches fire.
When claimed, the company says only fire
accident is covered and not electrical short
circuits. Who wins the case if adjudicated?

5. GENERAL INSURANCE
9. A scientist predicts KATRINA type of tempest on
a day for a particular area. A person belonging to
that area wants to insure his house property
against tempest after reading this prediction. The
insurance company refuses to insure, though
tempest policies are very much in their product
and they have made several such policies. The
person goes to court for Discrimination / Partiality
in selling in a public company. Who will win the
case; individual or the company?

6. GENERAL INSURANCE
10. A reputed doctor feels that in the modern
days of legal awareness and litigation, he
needs protection against public damage
claims against him for improper treatment
despite he being very sincere and
committed in the job. Is there any way for
the doctor; and is there an insurance for
such a contingency?

7. GENERAL INSURANCE
11. Like life time road tax can you get life time
motor car insurance instead annual renewals?
12. Without knowing that the goods are stolen a
party buys textile goods and stores in own go-
down. Insurance is also obtained properly for the
goods stored in the own warehouse and the goods
get fire. When claim is made, the insurance
surveyor investigates and finds that goods are
stolen and the company denies claim. The party
goes to court. Who will win?

8. GENEARL INSURANCE
13. You are worried about your employees, as a IT
company manager. Because your employees might
indulge in cyber crime which may result in large
claim against your company. Can insurance be
obtained for such a risk? What is the name given
to it? Is there a limit it for the amount of claim?
14. In a MEDI-claim policy after insuring for the
first time, the policy holder falls ill on the fifth day
of insuring and follows all the rules and submits
claim. His claim is rejected --- why?

9. GENERAL INSURANCE
15.As a restaurant owner you are worried that
if anyone or a group of customers eat food
of your restaurant and if by chance there is
an incident of food poisoning; there would
be a series of claims against the restaurant
claiming damages. Is there any chance of
insuring such risks?

10. Life Insurance.
1. Can you take a life policy for someone whom you adore
but has no natural relationship, whatsoever with the
person?
2. If insurance is a contract, where is the consideration?
3. The wife does not know that the husband has cancer. She
compels him to take non-medical policy, as he is young
and a Govt. employee. The company gives a life policy
and the husband dies soon. The death certificate states
“death due to cancer suffering since two years”. The wife
claims the policy amount stating that she was unaware
and did the whole thing in GOOD FAITH. Will she
succeed?