What are the 4 types of insurance? - ProProfs Discuss
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What are the 4 types of insurance?

Asked by Minal_akre, Last updated: Jan 18, 2021

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5 Answers

kulomrejoice

kulomrejoice

kulomrejoice
Kulomrejoice

Answered Dec 08, 2019

Refer correct question: The correct answer is option A.


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J. Shatner

J. Shatner

J. Shatner
J. Shatner, Content writer, Boston

Answered Feb 01, 2019

This question is hard to answer mainly because the details that are written in the choices are wrong. First of all, the premium cannot be 0 for all of the choices because based on the table, there are different numbers that are given. If A is the right answer, the choice should be a 23-year old insurance class A premium is 90 and the excess is 2,500.

Premium can be considered an excess which means that the choice should be something that will be beneficial. If A would be chosen, this means that the interest rate will be the same as compared to rule 1. There will also be less investment which means that there will be more profit available.

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John Adney

John Adney

John Adney
John Adney

Answered Sep 29, 2017

Wrong Answer, Firstly Premium is zero and excess is 2500

Please explain how is it possible,

Most close answer is 'C'

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emlghwlkr09

emlghwlkr

emlghwlkr09
Emlghwlkr

Answered Mar 05, 2017

How is the premium 0 rather than 90 which is displayed in the table
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John Smith

John Smith

John Smith
John Smith

Answered Dec 06, 2016

23 year old in insurance class A Premium is 0 and excess is,500.
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