Question

Q 14 The contract of insurance is not for profit making. Which principle status that (b) Mitigation. (a) Subrogation. (d) Indemnity (ef Contribution




Spam allow
. bye​

Answer 1

Answer:

Life Insurance: It is a form of investment offering savings, It is an insurance contract, which covers the life-risk of the person insured. It’s a long term contract. Insurable amount is paid either on the occurrence of the event or maturity.

Examples: Term Assurance, Whole Life, Endowment Assurance, Family Income Policy, Life Annuity, Joint Life Assurance Etc.

Step-by-step explanation:

please mark me as brainliest

Answer 2

Answer:

Principle of Indemnity

This principle says that insurance is done only for the coverage of the loss; hence insured should not make any profit from the insurance contract.

Step-by-step explanation:

Hello