n NISM Certifications
NSM General NISM
Medium

Options for insurer during policy revival?

Practice question from IC 38 Mock Test 11 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Revive as per existing terms only

  2. Offer revival with increased premium or reduced cover or both

    Correct answer

  3. C

    Terminate without revival

  4. D

    Offer revival with reduced premium or increased cover

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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