Meaning of Insurance
Insurance is protection against what?
Something which cannot happen
Something which has happened
Something which is sure to happen
Something which may happen
Option D
Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.
Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party.
Popular Tags: 7 Days
Upcoming MCQs
Computer Fundamental Multiple Choice Questions Exam Free
- 2024-06-12 03:15
- 15 Mins
- 12 Enrolled
- 25 Full Marks
- 10 Pass Makrs
- 25 Questions
