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INSURANCE LETTER. — SPCC STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceSPCCINSURANCE LETTER.1 Mark
Question
What is the basic feature of insurance service?
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Answer

Insurance is a process in which the insured assumes the risks of insurance and insures him and some of his policyholder in certain types of policies, under the basic characteristics of the insurance service.

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