Life Insurance policies are contracts of indemnity
Life insurance contracts are valued contracts and not contracts of indemnity
In Non-Life contacts there is no assurance
There is no certainty of risk occurrence in non-Life contracts
✅ The correct answer is A.
A policy of insurance on one’s own life is not an indemnity because it is merely a contract to pay a certain sum in the event of death.
A policy of insurance on one’s own life is not an indemnity because it is merely a contract to pay a certain sum in the event of death.