Question

What is the significance of the First Premium Receipt (FPR) in the context of life insurance?

a.

It is proof of policy termination.

b.

It marks the end of the insurance contract.

c.

It signifies the commencement of the insurance policy.

d.

It indicates the policyholder's last premium payment.

Answer: (c).It signifies the commencement of the insurance policy. Explanation:The FPR serves as evidence that the insurance policy has commenced, indicating the start of the insurance contract.

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Q. What is the significance of the First Premium Receipt (FPR) in the context of life insurance?

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