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    Question

    What is lapse in insurance ?

    A Termination of an insurance policy due to the insured’s failure to pay the premium. Correct Answer Incorrect Answer
    B It is a policy that does not pay benefits to the beneficiary if the cause of death is an accident Correct Answer Incorrect Answer
    C It is a policy that pays benefits to the beneficiary if any emergency occur Correct Answer Incorrect Answer
    D It is a policy that pays benefits to the beneficiary if the cause of death is an accident Correct Answer Incorrect Answer
    E Both 1 and 2 Correct Answer Incorrect Answer

    Solution

    The correct answer is E

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