Question
_____ is the length of time after a premium is due and
unpaid during which the policy, including all riders, remains in force.Solution
A grace period is the provision in most loan and insurance contracts that allows payment to be received for a certain period of time after the actual due date. During this period, no late fees are charged, and the late payment does not result in default or cancellation of the loan. A typical grace period is 15 days.
In 2016 , First IPO launched by which insurance company ?
Personal and business property coverage combining several types of property insurance in one policy is called?
A type of insurance often used for high frequency low severity risks where risk is not transferred to an insurance company but retained and accounted f...
After a process of mergers among Indian insurance companies, how many companies were left as fully owned subsidiary companies of GIC?
Which of the following is an optional feature that can be added to a policy?
Insurance that indemnifies the owner of real estate in the event that his or her clear ownership of property is challenged by the discovery of faults i...
In which of the following year the Insurance Amendment Act abolished Principal Agencies?
Which of the following is NOT a peril covered under the Standard Fire and Special Perils Policy?
A person named in a life insurance contract to receive the benefits of the policy if other named beneficiaries are not living is referred as ________.
Which of these changes would typically require an endorsement?
