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प्रश्न
Select the proper option from the options given below and rewrite the completed sentence.
Insurable interest must exist in ________.
विकल्प
Life insurance contract only
Marine insurance contract only
Every insurance contract
उत्तर
Insurable interest must exist in every insurance contract.
Explanation:
Insurable interest is a financial benefit that the insured derives from the existence of the product that is insured. For example, a person would have insurable interest in his own car and not in his neighbour's car. This simply implies that the insured has an interest in the subject matter of insurance. This insurable interest is essential to all insurance contracts
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संबंधित प्रश्न
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