McqMate
Q. |
Illustrate the Purpose of Grace-Period. |
A. | It is a Period, within which, Policy-Holder may cancel the Policy, if He or She Does Not Like the Same. |
B. | It grants the Policy- Holder, An Additional Time, to Pay His or Her Premium. |
C. | It provides a Period, within which, Policy- Holder must raise a Complaint, in Case of Any Grievance. |
D. | It provides a Period, after which, Policy- Holder must Pay His or Her Over-Due Premium. |
Answer» B. It grants the Policy- Holder, An Additional Time, to Pay His or Her Premium. |
View all MCQs in
Insurance Exam (LIFE)No comments yet