Vidyalelo
Commerce · Q887

Insurance

Graduate and Post Graduate · Commerce · question 887

Q887

When instalment revival can be availed?

A.
When policyholder is unable to pay full arrears of premium in lumpsum
B.
When the policy could not be revived under special revival scheme
C.
Both A & B
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
Solution:
Instalment revival can be availed when policyholder is unable to pay full arrears of premium in lumpsum and when the policy could not be revived under special revival scheme.