Select the expanded form of OR as commonly used in life insurance

Question

Question: Select the expanded form of OR as commonly used in life insurance

Options:

1.  Oral Rehydration
2.  Once Renewed
3.  Ordinary Rates
4.  Ordinary Renewal
5.  Ombubsman’s Assurance

Answer 1

3. Ordinary Rates

The expanded form of OR as commonly used in life insurance is 'Ordinary Rates'.

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More info:

The full form of OR is 'Ordinary Rates' as commonly used in life insurance.