----------------- insurance policy pay the assured sum on maturity of the policy or on the death of the insured whichever is ealier

Related MCQs

• When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as:
• -----------------------insurance is a cash value policy that provides life time protection by paying a lump sum death benefits.
• ………. of a life policy means transferring the rights of the insured in respect of the policy to another one
• Writing off the policy before its actual maturity is known as ----
• General Insurance relates to insurance against
• …………….. is the price paid by the insured for the risk undertaken by the insurer
• The person who seeks protection against a risk and to whom the insurance policy is issued is known as ………….
• Reinstatement policy is related in the case of which policy
• According to which section of the RBI Act of 1934, RBI is liable to pay the value of banknote to its holder?
• When was general insurance business nationalized?