Question

How should insurers expedite the clearing of outstanding premium cheques received from policyholders?

a.

By delaying the clearance process

b.

By ignoring the cheques altogether

c.

By ensuring timely redemption of units

d.

By investing the cheques in high-risk assets

Answer: (c).By ensuring timely redemption of units Explanation:Insurers should expedite the clearing of outstanding premium cheques received from policyholders by ensuring timely redemption of units.

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Q. How should insurers expedite the clearing of outstanding premium cheques received from policyholders?

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