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The insurer should compensate the insured for the actual financial loss suffered due to an unforeseen event or peril Explanation: The principle of indemnity requires the insurer to compensate the insured for the actual financial loss suffered due to an unforeseen event or peril, up to the amount of the sum insured.
Which award did BPCL win for its digital advancements at the FIPI Awards 2023?
What is the key focus of the newly launched Unified Lending Interface (ULI)?
When do we observe National Startup Day across the country?
Which company became the first Indian firm to surpass ₹10 lakh crore in annual revenue?
Ministry of Defence singed Rs 3,000 crore contract signed with which company for an Advanced Communication Satellite for Indian Army?
Which of the following countries has surpassed Saudi Arabia to become the second largest supplier of oil?
Who won the Formula 1 Hungarian Grand Prix 2024 in Mogyoród, Hungary?
Who was named the captain of the ICC Men's ODI team of the year in the ICC Awards 2023?
A web portal named ‘CM DA HAISI’(inform to CM) is being launched by which of the following states?
_____________ are the fruits which are not possible to make ripe after they have been harvested ?