Insurance Questions
Question 96:
mr. Thomas assured his life for the sum of N300,000.00 for a period of 20 years. The premium payable being N2,200.00 monthly.due to loss of employment, thomas was not able to pay the premium in the last 3 months .
what is the term used for the amount payable to mr. Thomas if he chooses to discontinue with the contract
View Answer & Explanationwhat is the term used for the amount payable to mr. Thomas if he chooses to discontinue with the contract
Question 97:
A life policy where the insured cannot make claim himself because the payment cannot be made in his life time is
View Answer & ExplanationQuestion 98:
The policy taken to cover loss of income that a business suffers when its facilities are closed due to a disaster is
View Answer & ExplanationQuestion 99:
To assess aviation risks, the underwriter would want to know the
View Answer & ExplanationQuestion 100:
A document used to provide evidence of insurance if the policy document is not imediately available is
View Answer & Explanation