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What does the suicide provision in a life insurance policy specify?
  • a)
    It specifies the policy's maturity date.
  • b)
    It outlines the coverage for critical illnesses.
  • c)
    It states that the policy will not pay the sum assured if the insured commits suicide within a specified period.
  • d)
    It allows policyholders to switch to a different insurance company.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What does the suicide provision in a life insurance policy specify?a)I...
The suicide provision in a life insurance policy specifies that the policy will not pay the sum assured if the insured commits suicide within a specified period from the beginning of the coverage. This provision is in place to prevent insurance fraud.
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What does the suicide provision in a life insurance policy specify?a)It specifies the policy's maturity date.b)It outlines the coverage for critical illnesses.c)It states that the policy will not pay the sum assured if the insured commits suicide within a specified period.d)It allows policyholders to switch to a different insurance company.Correct answer is option 'C'. Can you explain this answer?
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What does the suicide provision in a life insurance policy specify?a)It specifies the policy's maturity date.b)It outlines the coverage for critical illnesses.c)It states that the policy will not pay the sum assured if the insured commits suicide within a specified period.d)It allows policyholders to switch to a different insurance company.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 does the suicide provision in a life insurance policy specify?a)It specifies the policy's maturity date.b)It outlines the coverage for critical illnesses.c)It states that the policy will not pay the sum assured if the insured commits suicide within a specified period.d)It allows policyholders to switch to a different insurance company.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 does the suicide provision in a life insurance policy specify?a)It specifies the policy's maturity date.b)It outlines the coverage for critical illnesses.c)It states that the policy will not pay the sum assured if the insured commits suicide within a specified period.d)It allows policyholders to switch to a different insurance company.Correct answer is option 'C'. Can you explain this answer?.
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