Question

11
Which one of the following is not known as service industry?
1
Processing
Banking
Insurance
Advertising​

Answer 1

Answer:

insurance is not known as service industry.

Answer 2

Answer:

Option c - Insurance is not a service industry.

Explanation:

• Insurance is a financial sector.
• It is a commercial enterprise.
• It is a financial service industry.
• It can cover vehicle damages, medical expenses, loss in business, accidents, etc.
• The general insurance and life insurance are the two major types of insurance.
• As a service, it is a digital offering that covers the end-to-end requirements of the customers.  
• It claims management and customer support.

Hence, Insurance is not a service industry, it is a financial enterprise.