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Question: Insurance provides security against ________ .

Options:

  1.  Risk
  2.  Losses
  3.  Both (1) & (2)
  4.  None of them

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1 Answer

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Best answer

3. Both (1) & (2)

Insurance provides security against risk and losses.


Explanation:

Insurance works on the principle of sharing of losses, probabilities, large numbers.

It helps to lower the risk of financial consequences and provides security against risk and losses.

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