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Today General Knowledge(GK)
A policy that can be cancelled or have the premiums raised by the insurer on a specific anniversary date, subject to certain reasons written into the policy is known as_____
A)
Conditional Contract
B)
Conditional Receipt
C)
Consequential loss
D)
Conditional Renewable

Correct Answer : Option (D) - Conditional Renewable



A contract of health insurance stating that the policy is renewable under certain conditions as defined in the contract.

Published On : June 2, 2021
Category : Insurance and Finance
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