Insurance companies provide us with that intangible security against financial loss, should we face injury, illness, damage of property, or even death.

RISK MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	True
B	False
C	Either A or B
D	None of the above

Explanation:

Detailed explanation-1: -They do not provide security to wealth.

Detailed explanation-2: -When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs.

Detailed explanation-3: -Financial Security & Stability Life insurance protects the family and its financial needs, in case of an unfortunate and/or untimely demise. Some insurance policies may also provide a maturity benefit, resulting in financial stability of the family.

Detailed explanation-4: -The Principle of Indemnity The insurance company promises to compensate the policyholder for the amount of the loss up to the amount agreed upon in the contract.

There is 1 question to complete.

BUISENESS MANAGEMENT

RISK MANAGEMENT