Question 4
Definition of insurance is expected to be given as a contract between insurance and the insured however many candidates said that it is protection against risk.
(4b) that was on types of insurance, like fire, automobile, life, health, burglary/theft etc. were attempted poorly.
In ( 4c), most candidates could not describe the three types of insurance which family member can undertake . The candidates found the question a bit difficult and did not score high mark on it.