# MISCELLANEOUS EXERCISE - 2 - Fill in the Blanks

1. An installment of money paid for insurance is called ** premium**.

2. General insurance covers all risks except **life**.

3. The value of insured property is called **property value**.

4. The proportion of property value to insured value is called **policy value**..

5. The person who receives annuity is called **annuitant**

6. The payment of each single annuity is called **installment**.

7. The intervening time between payment of two successive installments is called as **payment period**.

8. An annuity where payments continue forever is called **perpetuity**.

9. If payments of an annuity fall due at the beginning of every period, the series is called annuity **annuity due**.

10. If payments of an annuity fall due at the end of every period, the series is called annuity **immediate annuity R.**.