IRDA - Life Insurance Agent (Mock - 2)

Casual Mode - Take your time!

1 / 50
✓
Correct
0
✗
Incorrect
0
★
Score
0%
Multiple Choice

Which of the following is the correct statement?

  1. Life insurance contract is a verbal contract through custom and usage.
  2. Life insurance is a legally enforceable contract between the insurer and the insured, as per the Indian Contract Act, 1872.
  3. Verbal contracts, like life insurance, are enforceable.
  4. Life insurance, like a wagering contract, is a business practice.
Change Mode