Q528
State the correct option?
A.
In endowment policies for 20 years premium is payable for all years under all circumstances
B.
There cannot be a single premium policy of 20 years
C.
In a 20 year endowment policy there can be provision for payment of premium only for a few years
AnswerD.
In life insurance terminology premium and price are different
Answer: Option C
Solution
Answer: Option C
Solution:
In a 20 year endowment policy there can be provision for payment of premium only for a few years.