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: Option D

Solution(By Examveda Team)

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.