Vidyalelo
Commerce · Q886

Insurance

Graduate and Post Graduate · Commerce · question 886

Q886

Under the loan cum revival which of the following is correct?

A.
The policyholder would pay full arrears of premium with interest like ordinary revival
B.
The loan granted would be used as a consideration amount and balance only payable
Answer
C.
Both A & B
D.
None of the above

Answer: Option B

Solution

Answer: Option B
Solution:
Under the loan cum revival, the loan granted would be used as a consideration amount and balance only payable.