Select the Option, that is True, with Regard to Term Assurance Plans. – McqOptions

MCQOPTIONS

1.	Select the Option, that is True, with Regard to Term Assurance Plans.
A.	Term Assurance Plans come with Life-Long Renewability Option.
B.	All Term Assurance Plans come with a Built- In Disability-Rider.
C.	Term Assurance Plans can be bought as a Stand-Alone Policy, as well as, a Rider with Another Policy.
D.	There is No Provision in Term Assurance Plans, to convert it into a Whole-Life Assurance Plan.
Answer» D. There is No Provision in Term Assurance Plans, to convert it into a Whole-Life Assurance Plan.

Discussion

No Comment Found

Related MCQs

What is the Subject-Matter of Life Assurance?
Who is protected under the In-Contestability Clause included under a Life Assurance Policy?
As per the Suicide Clause, if the Life-Assured Dies, as a Result of Suicide, After 3 Years of the Issue of Policy, What Does the Beneficiary Receive as the Claim?
Section 45 (Indisputability Clause) of Insurance Act, protects the Insured, from Rejection of Claim, by the Insurer; provided the Policy has completed --. Choose the Most Appropriate Option.
Identify the Document, that evidences a Contract, between the Insurer and the Insured.
If Complex Language is used to word a Certain Policy- Document, and it has given Rise to an Ambiguity, How Will it generally be construed?
Summarise "Contracts of Adhesion", for us.
Give us, the Proof of Contract between the Insurer and the Insured.
Compare: Gambling and Insurance.
What Does, First Premium Receipt (F.P.R.), signify?