Question

Which basic principle of insurance defines that the insurance company is liable to compensate the insured up to the actual loss amount suffered?

A Principle of Indemnity
B Principle of Contribution
C Principle of Subrogation
D Principle of Utmost Good Faith
E Principle of Proximate Cause
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)