Question

What is the revival period for a discontinued policy due to non-payment of premium?

a.

One year

b.

Three years

c.

Five years

d.

Two consecutive years

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (d).Two consecutive years Explanation:The revival period for a discontinued policy due to non-payment of premium is two consecutive years from the date of discontinuance of the policy, according to the regulations.

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Q. What is the revival period for a discontinued policy due to non-payment of premium?
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