Question

if the sum assured remains the same what will be impact of net premium if the age of the policyholder increases?

Answer 1

Explanation:

If premiums have not been paid for three consecutive years from the inception of the policy, the insurance ceases with immediate effect. 1. A policyholder is required to pay the premium for the insurance policy by the end of the grace period after the premium is due.

Answer 2

Answer:

Explanation:

If premiums have not been paid for three consecutive years from the inception of the policy, the insurance ceases with immediate effect. 1. A policyholder is required to pay the premium for the insurance policy by the end of the grace period after the premium is due.