Mr. Vimal is a 32-Years' Old, Healthy, Non-Smoker, Teetotaller Individual; Who applies for Life Assurance from ABC Limited Insurance Company. Which One of the Following Statements, will Hold True, with Regard to Risk-Acceptance by the Insurance Company?

Question

TuteeHUB · Accepted Answer

Risk will be Accepted With an Extra, Over the Tabular Rate of Premium.

TuteeHUB · Answer

Risk will be Accepted at Ordinary Rates.

TuteeHUB · Answer

Risk will be Accepted, With a Lien on Sum- Assured.

TuteeHUB · Answer

Risk will be Accepted, With a Restrictive Clause.

1.	Mr. Vimal is a 32-Years' Old, Healthy, Non-Smoker, Teetotaller Individual; Who applies for Life Assurance from ABC Limited Insurance Company. Which One of the Following Statements, will Hold True, with Regard to Risk-Acceptance by the Insurance Company?
A.	Risk will be Accepted at Ordinary Rates.
B.	Risk will be Accepted With an Extra, Over the Tabular Rate of Premium.
C.	Risk will be Accepted, With a Lien on Sum- Assured.
D.	Risk will be Accepted, With a Restrictive Clause.
Answer» B. Risk will be Accepted With an Extra, Over the Tabular Rate of Premium.

Mr. Vimal is a 32-Years' Old, Healthy, Non-Smoker, Teetotaller Individual; Who applies for Life Assurance from ABC Limited Insurance Company. Which One of the Following Statements, will Hold True, with Regard to Risk-Acceptance by the Insurance Company?

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