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520

Q:

The word 'Assurance' is used for- 

  • 1
    Life Insurance
  • 2
    Fire Insurance
  • 3
    Marine Insurance
  • 4
    Medical Insurance
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Answer : 1. "Life Insurance "
Explanation :

The term assurance is used in the insurance industry, that too in the context of life and term insurance policies. In a life insurance policy, the policyholder is assured that he will receive compensation in case of a certain event such as death or disability.

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