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Today General Knowledge(GK)
If a life has an anticipated mortality significantly lower than standard lives and could be charged lower premium the life is a
A)
Preferred risks
B)
Declined risk
C)
Standard life
D)
Sub-standard life

Correct Answer : Option (A) - Preferred risks



If a life has an anticipated mortality significantly lower than standard lives and could be charged lower premium the life is a Preferred risks. A preferred risk is a policyholder who is considered significantly less likely to file claims.

Published On : June 1, 2021
Category : Insurance and Finance
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