Business Studies, asked by umangmistry710, 3 months ago

Life insurance does not apply to loss compensation principle . why?

Answers

Answered by tkhushi19

Answer:

The principle of indemnity is not applicable to life insurance because the insurer may pay any amount but the insured cannot be brought back to the same state. Also, the loss of a life is not measurable and no money can indemnify the loss of a life.

Explanation:

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Life insurance does not apply to loss compensation principle . why?​

Answers

Life insurance does not apply to loss compensation principle . why?