Which of the following is not an insurance of indemnity

Life insurance is not an insurance of indemnity. Indemnity insurance is a type of insurance where the policyholder is compensated for the actual amount of loss or damage they have incurred. In other words, the policyholder is only reimbursed for the amount they have lost, and not for any amount over that. Life insurance, on the other hand, is not an insurance of indemnity because it pays out a fixed sum of money upon the death of the insured, regardless of the actual loss suffered by the policyholder. So, if the insured dies, the beneficiaries receive a predetermined amount of money, rather than the actual amount of loss or expenses incurred. In summary, indemnity insurance covers the actual loss suffered by the policyholder, while life insurance pays out a fixed sum of money in the event of the insured's death.