Podcast
Questions and Answers
Who will the company pay in the event of the policyholder's death?
Who will the company pay in the event of the policyholder's death?
- The policyholder's agent
- The nominee named in the policy schedule (correct)
- The policyholder's doctor
- The policyholder's employer
What is the minimum number of days before the policy renewal date that the insured person must apply to port the policy to another insurer?
What is the minimum number of days before the policy renewal date that the insured person must apply to port the policy to another insurer?
- 90 days
- 60 days
- 30 days
- 45 days (correct)
What is the benefit of porting a policy to another insurer?
What is the benefit of porting a policy to another insurer?
- A higher sum insured
- A discounted premium
- Accrued continuity benefits in waiting periods (correct)
- A longer policy tenure
What is the frequency of premium payment if the insured person has opted for a half-yearly payment structure?
What is the frequency of premium payment if the insured person has opted for a half-yearly payment structure?
What happens if the policyholder does not have a nominee?
What happens if the policyholder does not have a nominee?
What is the purpose of porting a policy to another insurer?
What is the purpose of porting a policy to another insurer?
What is the minimum period of continuous coverage required to get accrued continuity benefits in waiting periods?
What is the minimum period of continuous coverage required to get accrued continuity benefits in waiting periods?
Who is eligible to port the policy to another insurer?
Who is eligible to port the policy to another insurer?
What is the consequence of the company paying the nominee or legal heirs in the event of the policyholder's death?
What is the consequence of the company paying the nominee or legal heirs in the event of the policyholder's death?
What is the condition for premium payment in instalments?
What is the condition for premium payment in instalments?
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