Pension and Insurance

Social Security

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

The principle of subrogation in insurance allows

This questions was previously asked in

EPFO APFC 2023

Investment of policy amount

refund for insured and insured's insurance company

auto-renewal of policy

indemnification of the insured

- Option 1: Investment of policy amount

- This is unrelated. Subrogation does not involve investing the policy money.

- Option 2: Refund for insured and insured's insurance company

- This is not correct. Subrogation is not about refunds to insured or insurer.

- Option 3: Auto-renewal of policy

- Not relevant. Subrogation does not affect policy renewals.

- Option 4: Indemnification of the insured

- Correct. Subrogation lets the insurance company recover the loss amount from a third party after indemnifying (compensating) the insured.