Q714
In which type of contract, the happening of event is certain but its timing is not known?
A.
Life Insurance
AnswerB.
General Insurance
C.
Both A & B
D.
None of the above
Answer: Option A
Solution
Answer: Option A
Solution:
In Life Insurance type of contract, the happening of event is certain but its timing is not known. The event insured against is sure to happen only the time of its happening is not known.