Business Studies, asked by shrijeetnair40, 2 months ago

5. Answer the following questions in detail :
(1) How does insurance contract differ from general contract ?

Answers

Answered by sarasyed12

Answer:

The basic difference is that one party actually pays the premium in cash whereas the other only promises to pay the claim at an uncertain future date, should some specified event happen.

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5. Answer the following questions in detail :(1) How does insurance contract differ from general contract ?​

Answers

5. Answer the following questions in detail :
(1) How does insurance contract differ from general contract ?