A policy where the policyholder makes a one-time payment of premium, is known as a ______________:

Related MCQs

• Policy holders are expected to pay premium on due dates, a period of 15-30 days is allowed as grace to make payment of premium from the due date is _____
• In cases where a Life Insurance Agent collects the premium from the policyholder and remits it to the insurer’s office, he is acting as an agent of _____
• Gross Premium means Net Premium plus___________
• Compared to the premium for a Whole Life plan, the premium for an Endowment plan will be ____________ for the same age
• Gross premium means Net premium plus ________
• The policy for which the premium is payable throughout the life of the assured is known as
• ____________ is the total premium that a policy holder pays to insurance company
• ________ is the total premium that a policy holder pays
• ________ means a premium which remains unchanged through out the life of a policy.
• A memorandum added to a policy embodying some alterations to the terms of policy is known as