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      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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