Question

What is the policy tenure for Term Insurance?

a.

It is always for the entire lifetime.

b.

It is fixed at 20 years for all policies.

c.

It can vary, ranging from one year to a specified age, depending upon the profile of the life assured.

d.

It is fixed at 10 years for all policies.

Posted under IC 89 Management Accounting

Answer: (c).It can vary, ranging from one year to a specified age, depending upon the profile of the life assured. Explanation:The policy tenure for Term Insurance can vary, ranging from one year to a specified age, depending upon the profile of the life assured.

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Q. What is the policy tenure for Term Insurance?
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