Question

To whoch type of insurance princple of indeminty is not applicable?

Answer 1

Indemnity principle is not applicable to LIFE INSURANCE.

Answer 2

hello your answer is here

firstly we need to know what does this principle is applicable

this principle states that if there is any loss to the insurer then it's the responsibility of the insured to bring him back to his financial position.

so perfect answer for your question will be life insurance as the loss done here can not be compensated