by Sunday | Oct 17 | Insurance WAEC
A. maturity A. at surrender B. at death C. before maturity Correct Answer: Option B B. at death Explanation The death benefit would be paid by the insurance company if the insured died during the one-year term, while no benefit is paid if the insured dies one day...
by Sunday | Oct 17 | Insurance WAEC
A. consideration B. gratification C. commission D. claim Correct Answer: Option D D. claim Explanation An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event. The insurance...
by Sunday | Oct 17 | Insurance WAEC
A. one month B. one year C. two years D. three years Correct Answer: Option B B. one year
by Sunday | Oct 17 | Insurance WAEC
A. premium B. claim C. renewal D. benefit Correct Answer: Option A A. premium Explanation An insurance premium is the amount of money an individual or business must pay for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto,...
by Sunday | Oct 17 | Insurance WAEC
A. as soon as the policyholder dies B. up to the date of death of the policyholder C. when the insurer decides to pay the policyholder D. as soon as the insured surrenders the policy Correct Answer: Option B B. up to the date of death of the policyholder Explanation...
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