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.