Question

Principle of indemnity is not applicable to ______.

पर्याय

• Life insurance

• Fire insurance

• Marine insurance

Answer 1

Principle of indemnity is not applicable to life insurance.

Explanation:

According to the principle of indemnity, the insurer assures the insured that he/she will bring the insured back to the position he/she was in prior to the occurrence of an uncertain event. As in the case of life insurance, the deceased person cannot be made alive again. Hence, the principle of indemnity is inapplicable here.