Social Sciences, asked by YUVRAJ0810, 9 days ago

"Insurance does not remove risk but it compensates for the loss resulting from the risk" Justify This Statement.

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Answered by ItszBrainlyQueen

0

The statement means that no one can avoid the mis-happening of any event be it the insurance company or the insured but the insurance company can compensate the insured by providing them monetary help in lieu of the insurance premium.

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