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

Answer :

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.

Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
view all courses