Solution:
For admission of domiciliary hospitalization claim, the minimum period of medical treatment should be 3 days.

Solution:
In case of Absolute Assignment, the policy vests absolutely with the assignee till maturity, except in case of death of the insured during the policy tenure, wherein the policy reverts back to the ben is incorrect with regards to assignment of an insurance policy.

Solution:
This principle is an important element within a contract of insurance. It means that the insured must have an interest in the subject matter of the insurance. In a practical sense, this means that the insured must suffer a financial or economic loss. This also means that the interest in the property must be a real one and not a contrived one.A tenant is a person who occupies land or property rented from a landlord. So, 'insurable interest' does not lie with the person.

Solution:
Presently NIACL provides following 5 types of insurance: Personal Insurance, Commercial Insurance, Industrial Insurance, Industrial Insurance, Liability Insurance and Social Insurance

Solution:
Parliament on 22 March 2021 passed the Insurance Amendment Bill 2021 to increase the foreign direct investment (FDI) limit in the insurance sector to 74% from 49% in an attempt to attract more overseas insurance players to India.

Solution:
Buying a TV set is not a long term goal of an individual. A long-term goal is something you want to accomplish in the future. Long-term goals require time and planning.

Solution:
Financial planning has nothing to do with how much money you already have. Financial Planning is a process achieving your financial life goals by aligning your finances with them. It means that you create a roadmap for your life which includes your goals.