Inapakia....

WAEC SSCE - Insurance - 2016

Swali 1 Ripoti

mr. Thomas assured his life for the sum of N300,000.00 for a period of 20 years. The premium payable being N2,200.00 monthly.due to loss of employment, thomas was not able to pay the premium in the last 3 months .


what is the term used for the amount payable to mr. Thomas if he chooses to discontinue with the contract