During the revival of a lapsed policy, which of the below aspect is considered most significant by the insurance company? Choose the most appropriate option.
During the revival of a lapsed policy, which of the below aspect is considered most significant by the insurance company? Choose the most appropriate option. Correct Answer Evidence of insurability at revival
During the revival of a lapsed policy, Evidence of insurability at revival is considered most significant by the insurance company. A lapsed policy means that the benefit of insurance will not be available to protect the financial interest of the dependants in the event of the death of the insured.