New Register for Workshop on How to start for NABARD 2025 (Stepwise Plan) - Apr 26, 7 PM

    Question

    The insurance in which risks are shared between multiple

    insurers is known as?
    A Dual Insurance Correct Answer Incorrect Answer
    B Co-Insurance Correct Answer Incorrect Answer
    C Self- Insurance Correct Answer Incorrect Answer
    D Reinsurance Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Coinsurance is the amount, generally expressed as a fixed percentage, an insured must pay against a claim after the deductible is satisfied.

    Practice Next