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Which amongst the following denotes a type of insurance?
  1. Life insurance
  2. Health insurance
  3. Liability insurance
  • a)
    Only (1)
  • b)
    Only (1) and (2)
  • c)
    Only (2) and (3)
  • d)
    All the three
  • e)
    None of the three
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which amongst the following denotes a type of insurance? Life insuranc...
Life insurance is the insurance that pays out a sum of money either on the death of the insured person or after a set period. Health insurance is the insurance taken out to cover the cost of medical care. Liability insurance is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims.
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