Which of the following is not an element of the life insurance business?
A. Asset
B. Risk
C. Principle of mutuality
D. Subsidy
Answer: Option D
Solution(By Examveda Team)
Subsidy is not an element of the life insurance business. A subsidy or government incentive is a form of financial aid or support extended to an economic sector generally with the aim of promoting economic and social policy.Related Questions on Insurance
Join The Discussion