Concept:Non-indemnity insurance pays an agreed fixed sum, not compensation measured by actual financial loss.
Explanation:Indemnity insurance compensates the insured for the exact amount of the loss suffered.
It cannot pay more than the actual value of the loss.
Non-indemnity insurance, on the other hand, pays a stated benefit when the insured event occurs.
This type is used where the loss is difficult to measure in monetary terms, such as in life assurance.
Therefore, the latter provides full payment of the agreed sum to the insured.
Answer:C. Full payment to the insured