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S.L.S.D.A.V PUBLIC SCHOOL, MAUSAM VIHAR, DELHI-110051
CLASS XII HOLIDAY HOME WORK, COMMERCE STREAM
SESSION: 2025-26
ENGLISH
Q.1. Read the passage given below:
Since its creation in the 17th Century, insurers have amassed polices in each class of
risk they cover. Thanks to technology, insurers now have access to more information
about the risks that individuals run. Car insurers have begun to set premiums based
on how actual drivers behave, with “telematic” tracking devices to show how often
they speed or slam on the brakes. Analysts at Morgan Stanley, a bank, predict that
damage to insured homes will fall by 40-60% if smart sensors are installed to monitor,
say, frayed electrical wiring. Some health insures provide digital fitness- bands to
track policy holder’s vital signs – and give discounts if they lead a healthier life. But
the data can only go so far. Even the safest driver can be hit by a falling tree: people
in connected homes still fall off ladders. But the potential gains from smart insurance
are large. First, giving people better insights into how they are managing risk should
help them change their behaviour for the better. Progressive, an American car insurer,
tells customers who use its trackers where they tend to drive unsafely; they crash less
often as a result. Second, pricing will become keener for consumers. The insurance
industry made $338 billion in profits last year. More accurate risk assessment should
result in lower premiums for many policyholders. Third, insurers should be able to
spot fraud more easily, by using data to verify claims.
