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Business Services
Question
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Name that type of insurance on which the principle of indemnity does not apply.

Answer

The principle of indemnity does not apply to life insurance.

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Some More Questions From Business Services Chapter

What is meant by cold storage houses ?

Explain any three considerations which a business firm should take into account for choosing a suitable mode of transport.

Under the principle of subrogation, why does the right of ownership of damaged property pass on to the insurer after the compensation has been paid to the insured ?

How does the insurance distribute the loss ?

What do you mean by specialised banks ? Give three examples of specialised banks.

Write down the types of postal services.

Name the services included in postal services.

Write down the non-banking services of postal services.

Distinguish between inland mail and international mail.

What is difference between surface mail and air mail ?