New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    Policy that can be cancelled or have the premium s raised by the insurer on a specific anniversary date, subject to certain reasons written into the policy is known as ______.

    A Receipt Paper Correct Answer Incorrect Answer
    B Consequential loss Correct Answer Incorrect Answer
    C Contract Paper Correct Answer Incorrect Answer
    D Conditional Renewable Correct Answer Incorrect Answer

    Solution

    Policy that can be cancelled or have the premium is raised by the insurer on a specific anniversary date, subject to certain reasons written into the policy is known as Conditional Renewable.

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