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Examveda

Insurance works on the principle of

A. Trust

B. Sharing

C. Randomness

D. All of the above

Answer: Option D

Solution(By Examveda Team)

Insurance works on the principle of Trust, Sharing and Randomness.

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Related Questions on Insurance

State the correct option?

A. In a MWP Act policy claim moneys can be paid to a near relative of the assured

B. Policy claim moneys can be paid to the assured in a maturity claim

C. Policy claim money can be paid only to the named trustee as the policy is a separate trust

D. Death claim may be paid to the nominee in a WWP Policy