Answer-The principle of indemnity aims to prevent:

Explanation The principle of indemnity prevents the insured from making multiple claims for the same loss , ensuring that they are not overcompensated.

Question

The principle of indemnity aims to prevent:

A Fraudulent claims by the insured.

B Overpayment of premiums by the insured.

C Multiple claims for the same loss by the insured.

D Insufficient coverage by the insurer.

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Relevant for Exams:

CLAT

UPSC EO/AO

The principle of indemnity aims to prevent:

Solution

Relevant for Exams: