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This question belongs to Commerce Insurance

Insurance

?

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

A) Fresh conditions may be imposed under a new policy B) Policyholder may not get the same policy benefits C) That policy may longer be available for sale D) Premium under a new policy would be more based on his latest age

Answer & Solution

Correct Answer: Option D

It would be advantageous to Revive a lapsed policy rather than taking a new policy. Most apt reason is -Premium under a new policy would be more based on his latest age.

Question posted by Examveda

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