MCQOPTIONS
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| 1. |
What will happen if the policy holder does not pay the premium by the due date and dies during the grace period? |
| A. | he insurer will consider the policy void due to non- payment of premium by the due date and hence reject claim |
| B. | he insurer will pay claim and waive off the last unpaid premium |
| C. | he insurer will pay the claim after deducting the unpaid premium |
| D. | he insurer will pay the claim after deducting the unpaid premium along with interest which will be taken as 2% above the bank savings interest rate |
| Answer» D. he insurer will pay the claim after deducting the unpaid premium along with interest which will be taken as 2% above the bank savings interest rate | |