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Answer : 1. "Life Insurance "
The word 'Assurance' is used for-
5Q:
The word 'Assurance' is used for-
- 1Life Insurancetrue
- 2Fire Insurancefalse
- 3Marine Insurancefalse
- 4Medical Insurancefalse
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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.