Which of the following is correct Statement A – Insurance reduces burdens Statement B – Insurance is a system of mutual support. Statement C – Insurance the only method to manage risks.?

A is correct
B is correct
A, B & C correct
A & B correct

LohaHridoy

8 views

2025-01-04 04:42

1 Answers

AhmedNazir

Answer: Option 4

Insurance reduces burdens and Insurance is a system of mutual support. Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.

8 views Answered 2022-09-01 13:21

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