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BS
Question Practice

What does the term 'indemnity' refer to in insurance?

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 the term 'indemnity'...

Single Answer MCQ
Q-00064546

What does the term 'indemnity' refer to in insurance?

1

Payment of a fixed amount at policy start.

2

Compensation based on actual loss.

3

Guaranteed returns on premiums paid.

4

Legal obligations of the insurer.

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