Kunal has opened a retail jewellery store. Since the cost of inventory is very high,
therefore his financial advisor has advised him to take a comprehensive insurance policy
covering loss to property and stock. Kunal, however, is not convinced. (2+1)
(i) Try to convince Kunal by stating any two advantages of insurance for a business.
(ii) Identify the value communicated by Kunal’s financial advisor.
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