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Today General Knowledge(GK)
Insurance that is renewable for a limited number of successive terms by the policyholder and is not contingent upon medical examination is called_____
A)
Hospital Insurance
B)
Renewable Term Insurance
C)
Social Insurance
D)
Group Insurance

Correct Answer : Option (B) - Renewable Term Insurance



Renewable Term is a clause in a term insurance contract that allows the beneficiary to extend the coverage term for a set period of time without having to re qualify for coverage.

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