Question

When is the insurer likely to require a medical examination for policy revival?

a.

Only when the policy has been in a lapsed state for a very short period of time

b.

If the policyholder requests it

c.

If the sum assured is small

d.

If the grace period has expired for an extended period

Posted under IC38 Life Insurance Agent Exam

Answer: (d).If the grace period has expired for an extended period Explanation:A medical examination may be required for policy revival if the grace period has expired for an extended period.

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Q. When is the insurer likely to require a medical examination for policy revival?
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