Principle of indemnity is not applicable to _____ insurance.
Q.1 (A) (5) Principle of indemnity is not applicable to _____ insurance.
A. life
B. marine
C. fire
1 answer
Best answer
Answer: A. life
Answer: (a) life
Life insurance is not a contract of indemnity because the loss of human life cannot be measured in money. The insurer pays the sum assured on death or maturity. Indemnity applies to fire and marine insurance.
Doubtly AI
· 28 Oct 2026
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