The situation where the benefits of insurance policy gets terminated due to non-payment of premium is called as

Related MCQs

• The Insurance Act to govern both life insurance and non-life insurance was passed in which year?
• Under the Prime Minister’s Crop Insurance Scheme, farmers will have to pay a uniform premium of                 percent for Kharif crops?
• The person who is specified by the insured to receive the insurance policy in case premature death is called a                         .
• How many insurance companies were merged to form the Life Insurance Corporation of India?
• The National Insurance Company Limited is a type of                        insurance company
• How many insurance companies were nationalized under the General Insurance Business (Nationalization) Act (GIBNA) 1972?
• How many insurance companies were merged with National Insurance Company Limited after nationalization in 1972?
• The Insurance plan under which a number of employees and their dependents are insured under a single policy is known as                           ?
• What percentage of annual profit does Life Insurance Corporation of India (LIC) pays its policy holder?
• The Insurance companies provide an option of reactivating the lapsed policy, within a specific period of time post the grace period. This period is known as