Question

What additional right does the insurer have in respect of unit-linked policies upon cancellation?

a.

The right to withhold premium refunds

b.

The right to repurchase the units at the price on the date of cancellation

c.

The right to increase the premium

d.

The right to cancel the policy without refund

Answer: (b).The right to repurchase the units at the price on the date of cancellation Explanation:In addition to other deductions, in respect of unit-linked policies, the insurer is entitled to repurchase the units at the price on the date of cancellation.

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Q. What additional right does the insurer have in respect of unit-linked policies upon cancellation?

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