by Sunday | Oct 17 | Insurance WAEC
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. A. premium return B. reinstatement return C. terminal...
by Sunday | Oct 17 | Insurance WAEC
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. A. cooling off period B. repayments C. days of grace D....
by Sunday | Oct 17 | Insurance WAEC
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. A. N26,400 B. N44,000 C. N300,000 D. N528,000 Correct...
by Sunday | Oct 17 | Insurance WAEC
A. whole life policy B. annuity policy C. key-man policy D. endowment policy Correct Answer: Option A A. whole life policy Explanation Whole life policy: Is a life insurance policy that is guaranteed to remain in force for the insured’s entire lifetime, provided...
by Sunday | Oct 17 | Insurance WAEC
A. group insurance B. business support C. fire insurance D. business interruption Correct Answer: Option D D. business interruption Explanation Business interruption insurance (also known as business income insurance) is a type of insurance that covers the loss of...
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