🎴 Flashcard Mode
IRDA - Life Insurance Agent (Mock - 2)
Card1 / 50
Mastered0
Review0
QuestionClick to flip
Which of the following is the correct statement?
AnswerClick to flip back
A
Life insurance is a legally enforceable contract between the insurer and the insured, as per the Indian Contract Act, 1872.
💡 Explanation:
As per the Indian Contract Act, 1972, life insurance contract is a legally enforceable contract between the insurer and the insured.