Q880
It would be advantageous to Revive a lapsed policy rather than taking a new policy. Most apt reason is -
A.
Fresh conditions may be imposed under a new policy
B.
Policyholder may not get the same policy benefits
C.
That policy may longer be available for sale
D.
Premium under a new policy would be more based on his latest age
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
It would be advantageous to Revive a lapsed policy rather than taking a new policy. Most apt reason is -Premium under a new policy would be more based on his latest age.