McqMate
| Q. |
What does ‘Paid Up’ policy means in insurance? |
| A. | Policy that requires no further premium payments and continues to provide benefits till maturity. |
| B. | Policy that provide a life cover for a specific term |
| C. | Policy for which the premium is paid in a single period together |
| D. | Policy in which the premium gets reduced over a period of time and benefit increases till maturity |
| Answer» A. Policy that requires no further premium payments and continues to provide benefits till maturity. | |
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