Question

Ram insured his factory for Rs. 6 lakh against fire. Due to fire, he suffered a loss of Rs. 2 lakh. How much amount he can recover from the insurance company?​

Answer 1

Answer:

4lakh

Explanation:

Ram insured his factory = 6 lakh

loss from fire =2 lakh

So, 6 lakh - 2 lakh = 4 lakh

Answer 2

2 lakh Rs.

he can recover only 2 lakh rs from the insurance company.because the purpose of insurance is to compensate for loss and not for earning profit.