The situation where the benefits of insurance policy gets terminated due to non-payment of premium is called as | Faculties

M

Mr. Dubey

🎓 Coach ⭐ 104.60K Points

📊 General Insurance

Q. The situation where the benefits of insurance policy gets terminated due to non-payment of premium is called as

(A) Surrender
(B) Lapse
(C) Terminate
(D) Dormant

💬 Discuss

✅ Correct Answer: (B) Lapse

You must be Logged in to update hint/solution

💬 Discussion

📊 Question Analytics

👁️

429

Total Visits

📽️

2 y ago

Published

🎖️

Mr. Dubey

Publisher

📈

91%

Success Rate