Under …………., the sum assured is given to the beneficiary only on death of policyholder.

Related MCQs

• 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.
• Under ……policy the sum assured becomes payable on the attainment of a specific age or on death whichever is earlier
• The amount given to the policyholder due to his inability of paying further premium is called …………..
• ------ is an annual payment made by a life insurance company in consideration form a lump sum received.
• An annual payment which an insurer guarantees to pay for lump sum money received in the beginning is called ………….
• A company being a creation of law cannot die a natural death. It comes to an end by law through the process of liquidation
• The commission given by insurance companies to others for receiving business under reinsurance is called …………………
• The commission given by insurance companies to others for receiving business under reinsurance is called …………………
• That part of the capital which will be called up only in the event of winding up of the company is called ------- capital
• A bank can open a branch only at the permission of the…