Vidyalelo
Commerce · Q882

Insurance

Graduate and Post Graduate · Commerce · question 882

Q882

Which is the simplest form of revival?

A.
Ordinary revival
Answer
B.
Special Revival
C.
Instalment revival
D.
Any of the above

Answer: Option A

Solution

Answer: Option A
Solution:
Ordinary revival is the simplest form of revival. As the name implies, ordinary revival is the most simple form of revival. Here, the revival is done simply by paying the delayed premium amount along with the interest charge.