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BS
Question Practice

What does an insurance policy provide in case of an event covered by the policy?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Business Studies
Business Studies
Business Services
Question Bank

What does an insurance policy ...

Single Answer MCQ
Q-00064541

What does an insurance policy provide in case of an event covered by the policy?

1

Guaranteed profit on investment.

2

Payment based on actual loss incurred.

3

Payment of a fixed sum as specified in the contract.

4

Legal coverage against claims.

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