Question

What is lapse in insurance ?

A Termination of an insurance policy due to the insured’s failure to pay the premium. Correct Answer Incorrect Answer
B It is a policy that does not pay benefits to the beneficiary if the cause of death is an accident Correct Answer Incorrect Answer
C It is a policy that pays benefits to the beneficiary if any emergency occur Correct Answer Incorrect Answer
D It is a policy that pays benefits to the beneficiary if the cause of death is an accident Correct Answer Incorrect Answer
E Both 1 and 2 Correct Answer Incorrect Answer

Solution

The correct answer is E

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