Insurance Past Questions and Answers

which of the following factors is not considered when calculating premium in life assurance policy

A functional reinsurance is that it

A method of providing indemnity under glass insurance policy is?

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 sum assured for the policy

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 for the period he will be allowed to reinstate the contract