When would You choose, to go for Insurance? – McqOptions

MCQOPTIONS

1.	When would You choose, to go for Insurance?
A.	After the Contingent Event has occurred.
B.	When the Probability of Event-Occurrence is Low, But, Severity is High.
C.	When the Probability of Event-Occurrence is Low, along with the Severity.
D.	When you can finance the Losses of the Contingent-Event, on Your Own.
Answer» C. When the Probability of Event-Occurrence is Low, along with the Severity.

Discussion

No Comment Found

Related MCQs

What is the Subject-Matter of Life Assurance?
Who is protected under the In-Contestability Clause included under a Life Assurance Policy?
As per the Suicide Clause, if the Life-Assured Dies, as a Result of Suicide, After 3 Years of the Issue of Policy, What Does the Beneficiary Receive as the Claim?
Section 45 (Indisputability Clause) of Insurance Act, protects the Insured, from Rejection of Claim, by the Insurer; provided the Policy has completed --. Choose the Most Appropriate Option.
Identify the Document, that evidences a Contract, between the Insurer and the Insured.
If Complex Language is used to word a Certain Policy- Document, and it has given Rise to an Ambiguity, How Will it generally be construed?
Summarise "Contracts of Adhesion", for us.
Give us, the Proof of Contract between the Insurer and the Insured.
Compare: Gambling and Insurance.
What Does, First Premium Receipt (F.P.R.), signify?