Vidyalelo
Commerce · Q347

Insurance

Graduate and Post Graduate · Commerce · question 347

Q347

Which one of the following statements is true with regard to Children’s policies?

A.
On vesting, the insured person has an option to change the term of the policy
B.
On vesting the insured person has an option to increase the SA
C.
Both the statements above are wrong
Answer
D.
Both the statements above are correct

Answer: Option C

Solution

Answer: Option C
Solution:
On vesting, the insured person doesnt have an option to change the term of the policy and to increase the SA.