Business Studies, asked by roshu5956, 11 months ago

Mention the primary functions of insurance.

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Answered by ananya2572

0

Answer:

Primary Functions of Insurance

Insurance provides certainty.

Insurance provides certainty of payment at the uncertainty of loss. ...

Insurance provides protection. ...

Risk-Sharing. ...

Prevention of loss. ...

It Provides Capital. ...

It Improves Efficiency. ...

It helps Economic Progress.

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