Q. 45.0( 1 Vote )
Which of the following is not applicable in the life insurance contract?
A. Conditional contract
B. Unilateral contract
C. Indemnity contract
D. None of the above
Life insurance contract does not include an indemnity contract. This is because the life of a human cannot be compensated and only a specified amount of money is paid.
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Which of the following is not applicable in the life insurance contract?NCERT - Business Studies