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Human life is the subject matter of a contract of ________

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Question: Human life is the subject matter of a contract of ________.

Options:

  1.  Life assurance
  2.  Fire insurance
  3.  Marine insurance
  4.  General insurance

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1. Life assurance

Human life is the subject matter of a contract of Life assurance.

Explanation:

Life insurance is a contract between the insurer and the insurer, in which the company promises to pay the beneficiary a lump sum in the unfortunate death of the insurers.

Human life is the subject matter of a contract of Life assurance.

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