Q13: Which of the following is best described as: Principle of restoring insured to approximately the financia | UPSC EPFO APFC 2026
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Which of the following is best described as: Principle of restoring insured to approximately the financial position before loss, subject to policy terms

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Question ID #26071 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Insurance Sectional Test 2026 Medium

Which of the following is best described as: Principle of restoring insured to approximately the financial position before loss, subject to policy terms

Correct Answer: B. Indemnity
The correct answer is Indemnity. Principle of restoring insured to approximately the financial position before loss, subject to policy terms

Which of the following is best described as: Principle of restoring insured to approximately the financial position before loss, subject to policy terms - MCQ Explanation

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

Correct answer: B. Indemnity

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