GIPSA Promotion Exam: Daily One-liners (13th January 2020)

GIPSA Promotion Exam: Daily One-liners (13th January 2020)

Dear Aspirants,

As we all know that Marine, Fire, ENGINEERING, AVIATION, Motor, HRM Part is playing a major role in any exam weather it will be GIPSA and Para 13.2 examinations. So here we are providing the Daily one liner for every upcoming exam . Daily one liner consist top study material in one line which is important for every insurance promotion exams.’

FIRE INSURANCE

  • Fire tariff section III deals with – Rates of Dwellings, office premises,shops etc
  • Fire tariff section IV deals with – Industrial / Manufacturing risks
  • Fire tariff section V deals with – Utilities located outside the industrial/manufacturing risks ex: boiler house, pipelines, pump house, water treatment plant etc
  • Fire tariff section VI deals with – Storage risks outside the compound of industrial/manufacturing risks
  • Fire tariff section VII deals with – Tank farms/Gas holders outside the compound of industrial/manufacturing risks which are used for storages of liquid gases, liquids etc

ENGINEERING

  • Electronic Equipment Policy can be issued to – Owner, lessor or hirer depending upon the responsibility or liability in each case
  • How many sections are there in EEP policy – 3 Sections
  • EEP Policy covers – section 1- Equipment, Section 2 -External Data Media & section- 3 Increased cost of working

MARINE INSURANCE

  • D.A.F. ( Delivery at Front ) – the seller undertakes to deliver the goods at a named place at point at the frontier ( i.e. At the border between two nations )
  • D.E.S. ( Delivery Ex Ship ) – The seller undertakes to arrange shipment up to the destination port and bears costs and as well as risk up to that point
  • D.E.Q ( Delivery Ex Quay ) – The position is as above except that instead of on board the goods are placed in the quay

MOTOR INSURANCE

  • Driving License for Transport (Licenses) are valid for – 3 years
  • Driving License for Dangerous and Hazardous goods vehicles renewal is – subject to One day refresher course ( this license is valid for 1 year only )
  • Driving License for Private car is valid up to 20 years – till a person attains age of 40 years

MISCELLANEOUS

  • The members of the society has automatically covered and the risk commences from – one month after becoming the member and below the age of 70 years can join this society
  • Total amount payable under the above policy is – Rs.50000/- towards diagnosis, biopsy, surgery etc
  • Who will be covered – Insured and his spouse also covered

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