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BS
Question Practice

Why does life insurance not follow the indemnity principle?

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

Why does life insurance not fo...

Single Answer MCQ
Q-00064547

Why does life insurance not follow the indemnity principle?

1

Because each life is valuable in unique ways.

2

Due to its nature of providing set sums.

3

Because insurance fraud makes it hard.

4

It's irrelevant to life insurance products.

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