State the correct one of the following ones. – McqOptions

MCQOPTIONS

1.	State the correct one of the following ones.
A.	policy lapses if the premium is not paid on the due date
B.	policy lapses if the premium is not paid within the grace period
C.	policy does not lapse at all under any conditions
D.	nvestment risk in a ULIP policy is borne by the Insurer
Answer» C. policy does not lapse at all under any conditions

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