Which One of the Following Alterations, will be permitted, by an Insurance Company?
A)Splitting-Up of the Policy into Two or More Policies.
B)Extension of the Premium-Paying-Term.
C)Change of the Policy from "With-Profits" Policy to "Without- Profits" Policy.
D)Increase in the Sum- Assured.

Question

Quizplus · Accepted Answer

Insurance companies may allow the splitting of a policy into two or more policies as it does not fundamentally alter the risk or terms of the original policy, unlike the other options which involve significant changes to the policy's terms or benefits.

Which One of the Following Alterations, Will Be Permitted, by an Insurance