New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    What is the term for the insurance that the insurance

    company buys for its own insurance?
    A General Insurance Correct Answer Incorrect Answer
    B Life Insurance Correct Answer Incorrect Answer
    C Re- Insurance Correct Answer Incorrect Answer
    D Public Insurance Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determined to be life insurance.

    Practice Next