What is Policy Lapse in Insurance?

Which term refers to termination of a policy due to failure to pay the required renewal premium.
[A]Actuary
[B]Annuity
[C]Policy Lapse
[D]CMO

Policy Lapse
Policy Lapse refers to termination of a policy due to failure to pay the required renewal premium.

Advertisement

This question "What is Policy Lapse in Insurance?" was published on GKToday on June 3, 2015 at 5:12 pm. For Current Affairs Questions Archive Click Here. For General Knowledge Questions Archive Click Here.

Comments