Nibaf Certification Practice Test & Exam Prep | Pakistan

Which of the following best describes the fundamental purpose of insurance?

To provide a guaranteed return on investment for policyholders. To transfer financial risk from an individual or entity to an insurer. To accumulate wealth for future generations. To prevent all types of losses from occurring.

Correct Answer:

To transfer financial risk from an individual or entity to an insurer.

Access more questions from this quiz

Continue to Nibaf Certification Practice Test & Exam Prep | Pakistan for more practice questions and the full quiz experience.

Access More Questions