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Insurance
practice.

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The free look period available to cancel a policy is –

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When free look period under a policy would commence?

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Which is evidence of commencement of contract/risk cover?

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Which is a Premium receipt?

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Which will act as a proof of premium payment should any dispute arise as to premium payment?

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Which is evidence of contract?

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What are the parts of a policy bond?

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Which of the following information is not found in the Policy Schedule?

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Standard provisions of a policy contains which of the following information?

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Specific policy provisions may contain –

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‘Clause’ under a life insurance policy means –

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What is the standard length of a grace period under a life insurance policy?

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When a policy is said to lapse?

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If the policyholder dies within grace period –

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Revival of a policy is not a _________ right of the insured.

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Revival would be subject to –

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Satisfactory evidence of insurability would mean –

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If a policy is lapsed for a very short period of time only, what would be the requirement:-

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When a medical report would be called at the time of revival?

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It would be advantageous to Revive a lapsed policy rather than taking a new policy. Most apt reason is -

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