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

Related MCQs

• Cheque in which the drawer mentions the date earlier to the date of presenting it for payment is called -----------
• ________is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.
• ___________ is the total premium that a policy holder pays
• The mechanism by which a person can make purchases without immediate cash payment
• Overdraft is a credit facility granted by commercial bank to------------- holders.
• Under ________ insurance, loss of profit policy is called as consequential loss policy
• Overdraft facilities are allowed in
• Overdraft facilities are allowed in
• Overdraft facilities are allowed in
• The person or company who bears the risk of providing money at the end of a period of time or losses due to accident are known as