Question

When can the sum assured payable on death be reduced during the term of the policy, according to the guidelines?

a.

At any point of time

b.

Only during the first two years of the policy

c.

Only during the last two years of the policy

d.

Only during the two-year period immediately preceding the death of the life assured

Answer: (d).Only during the two-year period immediately preceding the death of the life assured Explanation:According to the guidelines, the sum assured payable on death shall not be reduced at any point of time during the term of the policy except to the extent of the partial withdrawals made during the two-year period immediately preceding the death of the life assured.

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Q. When can the sum assured payable on death be reduced during the term of the policy, according to the guidelines?

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