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The major difference between insurance and assurance is that while insurance


Question

The major difference between insurance and assurance is that while insurance

Options

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

The correct answer is C.


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