Which one of the following statements is true with regard to Children’s policies?

A. On vesting, the insured person has an option to change the term of the policy

B. On vesting the insured person has an option to increase the SA

C. Both the statements above are wrong

D. Both the statements above are correct

Answer: Option C

Solution(By Examveda Team)

On vesting, the insured person doesnt have an option to change the term of the policy and to increase the SA.