Which is incorrect statement out of the following ones? – McqOptions

MCQOPTIONS

1.	Which is incorrect statement out of the following ones?
A.	isk is not an essential element of insurance
B.	sset is not an essential element of insurance
C.	rinciple of mutuality is not an essential element of insurance
D.	ubsidy is an essential element of insurance
Answer» E.

Discussion

No Comment Found

Related MCQs

The limit of the National Consumer Disputes Commission is
While prospecting for selling insurance, approaching the members of a caste or community association will be classified under which of the following?
While distributing surplus, care has to be taken for
Which of the following is not a phase in retirement planning?
Which actuarial aspect(s) are taken into account while fixing the premium?I. MortalityII. Interest assumptionIII. Office expenses
A policy can be surrendered only if it has acquired
Which of the following statements are correct?i. The sum assured under group insurance is not fixed by the individual member.ii. A person whose proposal is declined under individual scheme can get insurance under group policy.
In group insurance, risk of individuals is not assessed.
Section 45 of Insurance Act, 1938 speaks about rejecting a claim after _________ of taking a policy.
In a money back plan, what is the maturity claim payable?