Vinay doesn�t want to take insurance on himself. He feels that his family will survive with the funds available in the bank and monthly rentals received from village. This comes under Risk ______
Transfer
Control
Retaining
Avoidance
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Vinay doesn’t want to take insurance on himself.
He feels that his family will survive with the funds available in the bank and monthly rentals received from village.
This comes under Risk Retaining.
In the insurance world, the risk retention is having a broader meaning.
You need to study further regarding it.
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Vinay doesn't want to take insurance on himself.
He feels that his family will survive with the funds available in the bank and monthly rentals received from village.
This comes under Risk Transfer.
Insurance is important for every one as it gives strength to families that they can survive after the demise of there loved once
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