Economics · Insurance
What does a First Premium Receipt (F.P.R.) signify in a life insurance policy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1The Free-Look Period has ended.
- 2It is evidence that the insurance policy contract has commenced.✓
- 3The policy cannot be cancelled from this point onward.
- 4The policy has acquired a guaranteed cash value.
Correct answer
It is evidence that the insurance policy contract has commenced.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Insurance MCQs →Want more practice questions on Insurance?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Insurance