Q12: Which statement best explains Sum assured? | UPSC EPFO APFC 2026

MNS 2026 Update

🔔 MNS Shortlist 2026 Released — Download MNS Shortlisting List PDF Military Nursing Service Shortlisted Candidates List 2026 Available Now Check MNS CBT Exam 2026 Shortlisting Update Download MNS Shortlist PDF 2026 Now

Download MNS Shortlist PDF 2026

SEO MCQ Question Page

Which statement best explains Sum assured?

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

Question ID #26070

Which statement best explains Sum assured?

Correct Answer: A. Pre-agreed amount payable under specified life-insurance conditions

Question: Which statement best explains Sum assured?

A. Pre-agreed amount payable under specified life-insurance conditions

B. Insurance purchased by an insurer to transfer part of its own risk

C. Person or entity that owns an insurance policy

D. Principle of restoring insured to approximately the financial position before loss, subject to policy terms

Correct Answer: A. Pre-agreed amount payable under specified life-insurance conditions

← Previous Question Next Question →

Which statement best explains Sum assured? - 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. Pre-agreed amount payable under specified life-insurance conditions