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Q:

Which of the following is the best definition of the term Assurance?

  • 1
    It is a financial product offered by a company.
  • 2
    It includes protection against an event that may happen.
  • 3
    It provides cover against a specific risk.
  • 4
    It includes protection against an event that is bound to happen.
  • 5
    None of the above
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Answer : 4. "It includes protection against an event that is bound to happen."

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