| 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. lays days
Correct Answer: Option C
C. days of grace
Explanation
An insurance grace period is a defined amount of time after the premium is due in which a policyholder can make a premium payment without coverage lapsing.
Download Business Administration Project Topic PDF - Effects of Job Stress on Employee’s Performance in Evans Nigeria
₦300.00
Download Accountancy Project Topic PDF - Effect Of Cost Control On The Profit Of An Organization (A Case Study Viju Milk Industries Nigeria Limited)
₦400.00
Download Animal Production Journal Article PDF - Performance of Some Forage Rass Species in the Southern Guinea Savannah Agro-Ecological Zone in Nasarawa State of Nigeria
₦300.00
Download Conference Paper Article PDF - Video Summarization Based Handout Generation from Video Lectures: A Gesture Recognition Framework
₦300.00
Download Conference on Advanced Computer Theory Article PDF - Real-Time Mono Vision Gesture-Based Virtual Keyboard System
₦300.00
Copyright warnings! Do not copy.
