Nibaf Certification Practice Test & Exam Prep | Pakistan

The principle of Indemnity in insurance aims to ensure that the insured is:

Profits from the loss event. Put back in the same financial position as they were immediately before the loss. Compensated for more than the actual loss suffered. Provided with a new asset regardless of its original value.

Correct Answer:

Put back in the same financial position as they were immediately before the loss.

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