Question

Which of the following statements is correct about insurance contract?
Select the correct answer from the list below.
Non-life insurance contract is a combination of indemnity and assurance contract.
Life insurance contract is a combination of assurance and indemnity contract.
Life insurance is an assurance contract, while non-life insurance is an indemnity
contract.
Life insurance is an indemnity contract, while non-life insurance is an assurance
contract.​

Answer 1

Answer:

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