Solved EPFO APFC Question
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Q · InsuranceMedium · 45s
Insurance works on which principle?
TopicInsurance
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.25
Test Duration30 min
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Step-by-Step Solution
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Except for life insurance, insurance seeks to restore the insured to the same financial position as before the loss.
Final Answer: Option (B) Principle of Indemnity