For the subsequent premiums received by the insurance company after the first premium, the company will issue __________.
Revival premium receipt
Restoration premium receipt
Reinstatement premium receipt
Renewal premium receipt
During the _________ period, if the policyholder has bought a policy and does not want it, he / she can return it and get a refund.
Free evaluation
Free look
Cancellation
Free trial
The application document used for making the proposal is commonly known as the __________.
Application form
Proposal form
Registration form
Subscription form
Who bears the investment risk in case of ULIPs?
Insurer
Insured
State
IRDA
What does the term “premium” denote in relation to an insurance policy?
Profit earned by the insurer
Price paid by an insured for purchasing the policy
Margins of an insurer on a policy
Expenses incurred by an insurer on a policy
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