Question

Which type of insurance is not covered under the rule/contract of indemnity?

Q: Answer-Which type of insurance is not covered under the rule/contract of indemnity?

As in the contract of indemnity a legal contract between the parties is made whereby one party commits to indemnify, i.e. to compensate, the loss incurred to the other party, by the conduct of the party, who is making the promise or by the conduct of the third party. So in Life insurance that is not possible as it may be due to an act of God or any natural calamity.