In …………. The insurer agrees to pay a certain sum of money to the Policyholder either on his death or a certain age, whichever is less.

Related MCQs

• An annual payment which an insurer guarantees to pay for lump sum money received in the beginning is called ………………..
• Under ………….. , the sum assured is given to the beneficiary only On death of policy holder
• When a policy matures on the death of the insured , it is expressed as:
• The ………………………. Is less than the value of stock it is called under insurance?
• The insurance policy is less than the value of stock
• Money at call and short notice is an ……………… of the banking company.
• The amount given to the policy holder due to his liability of paying Further premium is called ………………………………..
• When a liability is assumed by a partner his capital account is ----------
• When an unrecorded asset is taken over by one of the partners, his capital account is ----------------