Q.

Construct a Valid Argument in Favour of Policy-Loans.

A. A Loan of Any Amount, can be obtained, easily.
B. Insured can decide the Terms and Conditions of the Loan.
C. There is No Legal Obligation to Re-Pay the Loan.
D. No Collateral is required.
Answer» C. There is No Legal Obligation to Re-Pay the Loan.

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Insurance Exam (LIFE)

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