The amount given to the policyholder due to his inability of paying further premium is called …………..

Related MCQs

• In …………., the insurer agrees to pay a certain sum of money to the policyholder either on his death or a certain age, which ever is less.
• Under …………., the sum assured is given to the beneficiary only on death of policyholder.
• X Ltd takes over Y Ltd and agrees to discharge debenture holders of Y Ltd at a premium of 5%. The premium should be debited to ………
• Once the share premium account is credited the same, if the premium is not received.
• The …………..has a legal right of forfeiting the shares of those who fail to pay the amount due.
• Amount due to workman is rank with ……………….in the event of liquidation of the company.
• Premium on redemption of debentures is a
• Premium on redemption of preference shares can be provided out of ….
• Premium on issue of debentures is a….
• Bonus in reduction of premium appears in the revenue a/c as ----------