As per the Principle of Insurable interest, it should be present in the case of life Insurance

Q. As per the Principle of Insurable interest, it should be present in the case of life Insurance _________.

A.            at the time of claim settlement.

B.            at the time of survival only.

C.            only at the inception of the policy.

D.            at inception and at the time of revival.

Answer: at inception and at the time of revival