[Solved] Illustrate the Process involved in Ordinary Revival of Policy.

Q.	Illustrate the Process involved in Ordinary Revival of Policy.
A.	Write a New Policy, whose Date-of- Commencement is Within Two Years of the Original Date-of- Commencement of the Lapsed Policy.
B.	Payment of Arrears, With Interest.
C.	Get a Loan on the Lapsed Policy, as a Consideration for Revival-Purposes.
D.	Pay the Premium- Arrears, in Instalments.
Answer» B. Payment of Arrears, With Interest.

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Insurance Exam (LIFE)

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