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The subject matter of insurance in the package is?

musa lent obinna the sum of N2,000,000 i february 2015 which he promised to pay back at the end of the year..  musa decided to effect a life policy on obinna for a sum of N20,000 

The subject matter of insurance in the package is?

  • A.
    obinna’s life
  • B.
    the N2,000,000 loan
  • C.
    musa’s life
  • D.
    the sum assured of N20,000
Correct Answer: Option A
Explanation