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

  • takes care of uncertainty, assurance takes care of risks
  • takes care of risks , assurance takes care of uncertainty
  • hinges on probabilities, assurance is based on possibilities checkmark
  • is about indemnity, assurance is about life in the future

The correct answer is: C

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