Which is the simplest form of revival?

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.

A

Evidence of insurability at revival

B

Revival of the policy leading to increase in risk for the insurance company

C

Payment of unpaid premiums with interest

D

Insured submitting the revival application within a specified time frame

Under special revival which is correct?

A

It is as though a new policy is issued by altering DOC

B

The maturity date also gets altered

C

Difference between old and new premium is payable

D

All of the above

Under the loan cum revival which of the following is correct?

A

The policyholder would pay full arrears of premium with interest like ordinary revival

B

The loan granted would be used as a consideration amount and balance only payable

C

Both A & B

D

None of the above

When a medical report would be called at the time of revival?

A

When the policy is in a lapsed condition for a long period

B

If health problem is present

C

If the sum assured is high

D

All of the above

What is the way to revival a lapsed policy of life insurance?

A

Ordinary revival

B

Special Revival

C

Instalment revival

D

Any of the above

What is the condition for special revival?

A

The policy should have loan value

B

The policy must not have acquired surrender value

C

Either A or B

D

Neither A nor B

When instalment revival can be availed?

A

When policyholder is unable to pay full arrears of premium in lumpsum

B

When the policy could not be revived under special revival scheme

C

Both A & B

D

None of the above

Which one is the simplest form of alkane?

A

Propane

B

Butane

C

Methane

D

Decane

In its simplest form, a cam mechanism consists of following number of links

A

1

B

2

C

3

D

4

What is the simplest form of business organization?

A

Sole proprietorship

B

Partnership

C

Enterprise

D

Corporation

Which is the simplest form of revival?

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