![Which of the following statements is correct?](https://www.gkseries.com/blog/wp-content/uploads/2022/02/Which-of-the-following-statements-is-correct-1.png)
Q. Which of the following statements is correct?
A. Insurance is a kind of investment
B. Insurance is nothing but a gamble
C. Insurance is risk transfer through risk pooling
D. Insurance is a charity
Answer: Insurance is risk transfer through risk pooling