Question

What is the dating back of policy?

a.

When an insurer charges premium based on the age at entry for traditional plans

b.

When an insured avails the benefit of lower age and premium during the entire tenure of the policy contract

c.

When the commencement date of the policy is taken as the earlier date, against the date mentioned in the proposal form

d.

When a policy is purchased within the financial year

Answer: (c).When the commencement date of the policy is taken as the earlier date, against the date mentioned in the proposal form Explanation:The dating back of a policy is an option available to the insured to avail the benefit of lower age. Under this, the commencement date of the policy is taken as the earlier date, against the date mentioned in the proposal form.

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Q. What is the dating back of policy?

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