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Choose the correct alternative : By taking insurance, an individual
Mathematics and Statistics (Commerce)
Insurance and Annuity
Question
Updated
19 Aug 2026
Choose the correct alternative : By taking insurance, an individual
A
Choose Your Answer
A
Reduces the risk of an accident
B
Reduces the cost of an accident
C
Transfers the risk to someone else.
D
Converts the possibility of large loss to certainty of a small one.
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