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Banking Awareness · Q204

Banking Awareness MCQs for Banking exams, IBPS, SBI

Banking Awareness · Banking Awareness · question 204

Q204

“The termination of an insurance policy due to non-payment of premium” is technically called as?

A.
Death
B.
Lapse
Answer
C.
Forfeiture
D.
Seize

Answer: Option B

Solution

Answer: Option B
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