Question

Under which type of payment of premium, the number of premium payments is more than one but limited to two or more annual premiums?

a.

Partial premium payments

b.

Regular premium payments

c.

Limited premium payments

d.

Neither of the above

Answer: (c).Limited premium payments Explanation:Under limited premium payments, the number of premium payments is more than one but limited to two or more annual premiums.

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Q. Under which type of payment of premium, the number of premium payments is more than one but limited to two or more annual premiums?

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