IC-38 Life Practice Questions - IC-38 Insurance Agent Exam - Life (IRDAI Insurance Institute Of India) Exam

In risk management terminology, what is a 'peril'?

A condition that increases the likelihood of a loss The actual cause of the loss, such as fire or flood A psychological state that makes a person careless The monetary value of the damage suffered

Correct Answer:

The actual cause of the loss, such as fire or flood

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