Millionaire Mode

Insurance Law

Question 1 of 15

What is the primary purpose of an insurance contract?

  1. To provide financial protection against potential losses.
  2. To transfer risk from the insured to the insurer.
  3. To guarantee a profit for the insurance company.
  4. To create a legal obligation for the insured to pay premiums.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000