Question

Which of the following is true?

A Life insurance contract is a contract of indemnity
B All insurance contracts are contracts of indemnity
C Bonus payable on maturity of policy is called revisionary bonus
D All of the above statements are not true
E All of the above statements are true
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)