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The major difference between insurance and assurance is that while insurance

Commerce
JAMB 2001
The major difference between insurance and assurance is that while insurance
  • A. takes care of uncertainty, assurance takes care of risks
  • B. takes care of risks , assurance takes care of uncertainty
  • C. hinges on probabilities, assurance is based on possibilities
  • D. is about indemnity, assurance is about life in the future
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Correct Answer: Option C
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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