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Insurance
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What is the way to revival a lapsed policy of life insurance?

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Which is the simplest form of revival?

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Under special revival which is correct?

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What is the condition for special revival?

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A loan-cum revival would mean –

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Under the loan cum revival which of the following is correct?

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When instalment revival can be availed?

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Who gets benefited if a policy is lapsed?

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Non-forfeiture provisions means accrual of certain benefits to policyholders if premiums are paid for at least

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Loan value is a percentage of –

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What is the maximum %age of surrender value that can be granted as loan?

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In so far policy loans are concerned, which one of the following is correct?

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If both policy loan and premiums are not paid, the outstanding loan/interest may exceed the policy’s cash value. What would the insurer do in such an eventuality?

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In respect of nomination, which one of the following is incorrect?

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Where more than one nominee is nominated –

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Assignment involves transfer of _________ under the policy to another person/entity.

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The person who transfer rights is called _________ and the person who receives the right is called _________

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What is common between nomination and assignment?

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In respect of Assignment which of the following is correct?

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Which of the following is correct?

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