In …………., the insurer agrees to pay a certain sum of money to the policyholder either on his death or a certain age, which ever is less.

Related MCQs

• Under …………., the sum assured is given to the beneficiary only on death of policyholder.
• An annual payment which an insurer guarantees to pay for lump sum money received in the beginning is called ………….
• The amount given to the policyholder due to his inability of paying further premium is called …………..
• Under ……policy the sum assured becomes payable on the attainment of a specific age or on death whichever is earlier
• ………is a form of agreement between two parties in which one party agrees to make good for loss of another.
• ………is a form of agreement between two parties in which one party agrees to make good for loss of another.
• X Ltd takes over Y Ltd and agrees to discharge debenture holders of Y Ltd at a premium of 5%. The premium should be debited to ………
• When the Vendor (seller) company agrees to bear liquidation expenses, it will debit
• The minimum application money to be paid by an applicant must not be less than …….as per Companies Act.
• ------ is a document which either creates or acknowledges a debt.