NISM 10B Investment Adviser Level 2 Notes
Page 12 Of 180
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Assignment: Transfers policy rights to another party, often for loans.
Premium Payment Modes: Can be single, regular, or limited premium.
Free-Look Period: Time to review and cancel a policy without penalty.
Policy Lapse: Coverage stops due to non-payment of premiums.
Revival of Policy: Restoring a lapsed policy by paying overdue premiums.
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