Which of the following is not applicable in life insurance contract?
a. Conditional contract
b. Unilateral contract
c. Indemnity contract
d. None of the above
Answers
Answer:
Indemnity contract is not applicable in life insurance contract.
Among the given options option (c) Indemnity contract is the correct answer.
Explanation:
Life Insurance has element of investment.It is a contract between the insured and insurance company to pay the insured amount after recipient of premium as consideration on the death of the insured or after expiry of the policy.
HOPE THIS ANSWER WILL HELP YOU A LOT….
Here are some more questions from this chapter :
Write a note on various telecom services available for enhancing business.
https://brainly.in/question/8296125
DTH services are provided by________.
a. Transport companies.
b. Banks
c. Cellular companies
d. None of the above
https://brainly.in/question/9936485
Answer:
indemnity contact is correct
i hope you got your answer