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

A. The policyholder would pay full arrears of premium with interest like ordinary revival

B. The loan granted would be used as a consideration amount and balance only payable

C. Both A & B

D. None of the above

Answer: Option B

Solution(By Examveda Team)

Under the loan cum revival, the loan granted would be used as a consideration amount and balance only payable.