The correct answer is: D. All of the above
A medical report may be called at the time of revival of a life insurance policy in the following cases:
- When the policy is in a lapsed condition for a long period. This is because the insurer may want to make sure that the insured is still in good health before reinstating the policy.
- If health problem is present. This is because the insurer may want to assess the risk of insuring the person before reinstating the policy.
- If the sum assured is high. This is because the insurer may want to make sure that the insured is able to afford the premiums before reinstating the policy.
It is important to note that the insurer may not always require a medical report at the time of revival. The decision of whether or not to require a medical report will be made on a case-by-case basis, taking into account the specific circumstances of the policy.
If you are considering reviving a lapsed life insurance policy, it is important to contact your insurer to discuss your options. They will be able to advise you on whether or not a medical report is required and what the process of revival will involve.