Free look period enables the insured to return the policy within 30 days of receipt of the policy bond
If the policy is returned as above, no premium is refunded by the insurer
PMLA is not applicable to life insurance
All of the above
✅ The correct answer is D.
All the statements are incorrect.
Free look period does not allow the insured to return the policy within 30 days of receipt of the policy bond, If the policy is returned as above, premium is refunded by the insurer and PMLA is applicable to life insurance.
All the statements are incorrect.
Free look period does not allow the insured to return the policy within 30 days of receipt of the policy bond, If the policy is returned as above, premium is refunded by the insurer and PMLA is applicable to life insurance.