CA Foundation doubt
An insurance company is an example of non-profit organization [True/False] Give the necessary answer
Asked by Kumkum11 Sept 2024477 views
6 answers
H.m · 19 Sept 2024
True
Aarju · 13 Sept 2024
Just insurance company is incorporated for the purpose of providing particular service after receiving an amount as an insurance installment that's why insurance company is not a non - profit organisation
Aarju · 13 Sept 2024
False
Kunj · 13 Sept 2024
False : As they are making profit and insurance company fall under insurance Act
Prabhjot · 13 Sept 2024
True
Shannuu · 12 Sept 2024
False: it declares profit to its members
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