IRDAI POSP General Practice Questions - IRDAI POSP General Insurance Exam (Point Of Sale Person) Exam

In insurance terminology, a 'peril' is best defined as:

The cause of loss (such as fire, flood, or theft) Any condition that increases loss severity The chance that a loss might occur The premium loading for moral hazard

Correct Answer:

The cause of loss (such as fire, flood, or theft)

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