[Solved] When is a Policy, Deemed to be Lapsed?

Q.	When is a Policy, Deemed to be Lapsed?
A.	If the Premiums are Not Paid on the Due-Date.
B.	If the Premiums are Not paid, Before the Due- Date.
C.	If the Premium has Not been paid, even After Expiry of Grace-Period.
D.	If the Policy is surrendered.
Answer» C. If the Premium has Not been paid, even After Expiry of Grace-Period.

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Insurance Exam (LIFE)

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