Category: IC24 – LEGAL ASPECTS OF LIFE ASSURANCE – 01

Que. 1 : Q1) If the premium is not paid within the days of grace, then subject to the terms and conditions of the policy, the insurance company may terminate the policy. This is known as policy ________.    1.  a) Revival    2.  b) Expires    3.  c) Lapse    4.  d) Grace period Que. 2 : Q2) Which of the following is correct […]