Question
____________ is the ratio of the number of life
insurance policy that lapsed within a given period to the number of policy in Force at the beginning of that period.Solution
Lapse ratio is the number of policies that are that are not renewed compared to the number of policies that were active at the beginning of that same period. The lapse ratio represents the percentage of policies that were not renewed, and thus have lapsed in coverage. Lapsed policies are not the same as canceled policies.
In the question below, a sentence is given with four words highlighted in bold, followed by options that provide a replacement for each word. From the o...
In the question below, two sentences are given and each of them consists of two words highlighted in bold. The words may be incorrectly placed and need...
In each of the questions given below four words are given in bold. These four words may or may not be in their correct position. The sentence is then f...
In each of the questions given below, four words are given in bold. These four words may or may not be in their correct position. The sentence is then...
In the following questions, a few words have been highlighted which may or may not require improvement. Interchange the highlighted words using the giv...
In the question below, two sentences are given and each of them consists of two words highlighted in bold. The words may be incorrectly placed and need...
Directions: In the following question, a part of the sentence is bold. Below the sentence alternatives to the bold part are given at (A), (B), (C), and...
In each of the questions given below, four words are printed in bold. These four words may or may not be in their correct position. The sentence is fol...
Skills are a (1) asset (2) vital in today’s globalised economy where (3) threat jobs are under (4) unskilled of (5) automation.
...In each of the questions given below, four words are given in bold. These four words may or may not be in their correct position. The sentence is then ...
