Identify the Option, that can be termed as Policy- Withdrawal.

Related MCQs

• A Policy is effected under Married Women's Property (M.W.P.) Act. If the Policy-Holder does not appoint a Special Trustee to receive and administer the Benefits under the Policy, the Sum, secured under the Policy, becomes Payable to --.
• Identify the Option, that can be treated as a Valid Contract.
• Identify a Product, that can be categorised under Contingency-Products. Choose the Most Appropriate Option.
• How Many Persons, can be nominated under a Policy? Choose the Most Appropriate Option.
• If a Policy-Holder wishes to seek Compensation, up to Rupees 20 Lakhs, from Insurance Company, against a Grievance, then, Where Can, He or She lodge the Complaint? Choose the Most Appropriate Option.
• The Conversion-Option in a Term Assurance Plan, can be used to convert the Policy, into Which One of the Following Plans?
• Mr. Mahesh takes out an Insurance Policy on His House. He sells His House, After a Couple of Months of taking the Policy. In Case, there is Some Damage to the House, can Mr. Mahesh receive the Claim?
• Examine the Following Options, and Identify the One, which is Not a Credit-Management Decision. Choose the Most Appropriate Option.
• Identify the Formal Legal Document, used by Insurance Companies, that provides the Details about the Product. Choose the Most Appropriate Option.
• Section 45 (Indisputability Clause) of Insurance Act, protects the Insured, from Rejection of Claim, by the Insurer; provided the Policy has completed --. Choose the Most Appropriate Option.