Illustrate the Process involved in Ordinary Revival of Policy.
A) Write a New Policy, whose Date-of- Commencement is Within Two Years of the Original Date-of- Commencement of the Lapsed Policy.
B) Payment of Arrears, With Interest.
C) Get a Loan on the Lapsed Policy, as a Consideration for Revival-Purposes.
D) Pay the Premium- Arrears, in Instalments.
Correct Answer:
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