Q888
Who gets benefited if a policy is lapsed?
A.
Insurer
B.
Insured
C.
Both Insurer & Insured
D.
None of the above
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
A lapsed policy means that the benefit of insurance will not be available to protect the financial interest of the dependants in the event of the death of the insured.