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What is the primary purpose of a grace period in life insurance?a)To provide additional coverage.b)To allow policyholders to skip premium payments.c)To give policyholders time to make premium payments if they miss the due date.d)To increase the sum assured.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the primary purpose of a grace period in life insurance?a)To provide additional coverage.b)To allow policyholders to skip premium payments.c)To give policyholders time to make premium payments if they miss the due date.d)To increase the sum assured.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary purpose of a grace period in life insurance?a)To provide additional coverage.b)To allow policyholders to skip premium payments.c)To give policyholders time to make premium payments if they miss the due date.d)To increase the sum assured.Correct answer is option 'C'. Can you explain this answer?.

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