Question
A period of up to one month during which the purchaser
of an annuity can cancel the contract without penalty is known as?Solution
A free look period is a period of time in which a new life insurance policy owner can terminate the policy without penalties, such as surrender charges. A free look period often lasts 10 or more days (depending on the insurer), allowing the contract holder to decide whether or not to keep it; if he or she is not satisfied and wishes to cancel, the policy purchaser can receive a full refund.
Which of the following institutions have wrote the book ‘Healthy Recipes for Defence’?
What is the essence of 'barter' in economic transactions?
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ii. GDP can be...
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The Monetary and Credit Policy is announced by which of the following?
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An increase in savings in an economy typically leads to which of the following?
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In which year was the Fiscal Responsibility and Budget Management (FRBM) Act enacted?
Which of the following statements is correct about the calculation of national income?
