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6 of 18 Upon the birth of a stillborn infant, this insurance pays R1 000 if: • The stillborn child was born to the policyholder or the policyholder's spouse. This is the correct condition. Insurance benefits for stillborn infants are typically paid when the child is born to the primary policyholder or their legal spouse, as they are usually the direct dependents covered by the policy.
7 of 18 Escalations can be canceled, changed or started again if previously canceled. ✅ True Policyholders generally have the flexibility to manage their policy's escalation options. They can typically cancel automatic escalations, modify them, and in many cases, restart them later, although specific terms and conditions may apply.
8 of 18 The No More Premiums Death benefit, when activated, protects the lives assured under the policy until the anniversary of the policy that follows the policyholder's 60th birthday. ✅ True This is a common feature in many life and funeral insurance policies. The "No More Premiums" benefit often means that once the policyholder reaches a certain age (like 60 or 65), they no longer have to pay premiums, but the cover for the lives assured continues until a specified point, often linked to the policyholder's age.
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6 of 18 Upon the birth of a stillborn infant, this insurance pays R1 000 if: • The stillborn child was born to the policyholder or the policyholder's spouse.
This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.