New One Goal, Three Exams: Strategies for Mastering RBI, SEBI, and IFSCA Exams
Register

Question

Policy that can be cancelled or have the premium s raised by the insurer on a specific anniversary date, subject to certain reasons written into the policy is known as ______.

A Receipt Paper Correct Answer Incorrect Answer
B Consequential loss Correct Answer Incorrect Answer
C Contract Paper Correct Answer Incorrect Answer
D Conditional Renewable Correct Answer Incorrect Answer

Solution

Policy that can be cancelled or have the premium is raised by the insurer on a specific anniversary date, subject to certain reasons written into the policy is known as Conditional Renewable.

Practice Next
×
×