The primary categories of insurance business in India

Q: Answer-The primary categories of insurance business in India are:

Explanation The correct answer is B. Life and General Insurance. Life Insurance Deals with life-related risks like death, and critical illnesses. General Insurance Covers a wide range of risks other than life, such as property, health, motor, marine, fire, etc.

are:

A Health and Fire Insurance Correct Answer Incorrect Answer

B Life and General Insurance Correct Answer Incorrect Answer

C Property and Marine Insurance Correct Answer Incorrect Answer

D Liability and Engineering Insurance Correct Answer Incorrect Answer

E None of the above Correct Answer Incorrect Answer

Solution

Explanation: The correct answer is B. Life and General Insurance.

Life Insurance: Deals with life-related risks like death, and critical illnesses.
General Insurance: Covers a wide range of risks other than life, such as property, health, motor, marine, fire, etc.

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