Examveda Who gets benefited if a policy is lapsed? A. InsurerB. InsuredC. Both Insurer & InsuredD. None of the aboveAnswer: Option D Solution (By Examveda Team) A lapsed policy means that the benefit of insurance will not be available to protect the financial interest of the dependants in the event of the death of the insured. This Question Belongs to Commerce >> Insurance
Solution (By Examveda Team) A lapsed policy means that the benefit of insurance will not be available to protect the financial interest of the dependants in the event of the death of the insured.
Join The Discussion