b The claim can be treated as an early claim

c Foul play must be suspected

d All the three statements above are correct

32 Which one of the following statements is correct?

a A policy reported to be lost, may actually have been assigned

b A policy has no value after the payment of survival benefits

c Both the statements above are correct

d Both the statements above are wrong

33 Which one of the following statements is correct?

a The foreign exchange regulations apply if the life insured is a non-resident

b The foreign exchange regulations apply if the claimant is a non-resident

c Both the statements above are correct

d Both the statements above are wrong

34 State which of the following statements is correct

a ULIPs provide for flexibility

b ULIPs are better than traditional policies

c Both the above statements are correct

d Both the above statements are wrong

35 State which of the following statements is correct