Q80: Which statement best explains Life insurance? | UPSC EPFO APFC 2026

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Which statement best explains Life insurance?

Practice this MCQ with options, instant answer checking, explanation, exam-wise filters, next/previous navigation and shareable result image.

Question ID #26528

Which statement best explains Life insurance?

Correct Answer: A. Insurance covering risks associated with human life

Question: Which statement best explains Life insurance?

A. Insurance covering risks associated with human life

B. Entity that undertakes insurance risk

C. Insurer's right, after paying a loss, to pursue recovery from a responsible third party

D. Risk-transfer arrangement under which an insurer provides financial protection in return for premium

Correct Answer: A. Insurance covering risks associated with human life

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Which statement best explains Life insurance? - MCQ Explanation

This question is useful for exam preparation because it provides direct multiple-choice practice with options, answer checking and explanation.

Correct answer: A. Insurance covering risks associated with human life