Fresh conditions may be imposed under a new policy
Policyholder may not get the same policy benefits
That policy may longer be available for sale
Premium under a new policy would be more based on his latest age
✅ The correct answer is D.
It would be advantageous to Revive a lapsed policy rather than taking a new policy. Most apt reason is -Premium under a new policy would be more based on his latest age.
It would be advantageous to Revive a lapsed policy rather than taking a new policy. Most apt reason is -Premium under a new policy would be more based on his latest age.