Insurance provides security against _______.

Question

RRB Paper · Accepted Answer

Insurance provides security against both risk and losses. By paying a premium, an individual or organization transfers the risk of potential losses to an insurance company, which is responsible for compensating them in case the insured event occurs. This helps to mitigate the financial impact of the loss and provides a measure of security and stability for individuals and communities.

Insurance provides security against _______.

Risk

Losses

Both (a) and (b)

None of these

The correct answer is `No. 3: Both (a) and (b)`

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Insurance provides security against _______.

Risk

Losses

Both (a) and (b)

None of these

The correct answer is No. 3: Both (a) and (b)

The correct answer is `No. 3: Both (a) and (b)`