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Which of the following is a fundamental feature of life insurance?

easy Q11 of 15
Insurance Awareness - Life Insurance - LIC
Which of the following is a fundamental feature of life insurance?
AIt offers financial protection against the risk of death
BIt provides coverage for property damage
CIt covers liability arising from accidents
DIt reimburses medical expenses
Step-by-Step Solution

  1. Step 1: Identify the core purpose of life insurance

    Life insurance primarily provides financial protection against the risk of death or survival for a specified term.

  2. Final Answer:

    It offers financial protection against the risk of death → Option A

  3. Quick Check:

    Financial protection = key feature ✅
Quick Trick: Life insurance = protection against human life risk only.
Common Mistakes:
MISTAKES
  • Confusing life insurance with health or property insurance.
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