Business Studies, asked by vrajv2410, 10 months ago

A has taken term insurance of Rs. 50 Lakhs from XYZ Insurance Company. As per the
insurance policy, XYZ Company has given the guarantee to pay Rs. 50 Lakhs to A's
nominee if he dies during the term of the policy. Is it a contract of indemnity or contract
of guarantee? Provide reasons for your answer,

Answers

Answered by James1558N

1

contract of guarantee

Explanation:

because it has rule which is issued by government

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