GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The amount which is payable by you during the premium paying term at regular intervals for a limited period as specified in the plan schedule is called____
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Fund
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Cover
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Liquidity
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Limited premium
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Explanation:
Detailed explanation-1: -What is a regular premium policy? In a regular premium policy, the individual pays for the insurance coverage at regular time intervals for the entire policy tenure. The intervals might vary from a monthly basis to an annual basis.
Detailed explanation-2: -Life insurance premium is the specific amount periodically paid by the policyholder during the premium payment term of the life insurance policy to be able to avail coverage benefits and to keep the life insurance policy in force.
There is 1 question to complete.