Q172
Revival of a life insurance policy means
A.
Forcing a policy to lapse
B.
Reinstating a lapsed policy
AnswerC.
Not paying the premiums
D.
Non-settlement of claim monies
Answer: Option B
Solution
Answer: Option B
Solution:
Revival of a life insurance policy means reinstating a lapsed policy. The documentation requirements for revival or reinstatement of a policy depend on the time elapsed between the date of lapsation and the date when the request for revival has been made by the policyholder.