Solution:
Revival of a life insurance policy means reinstating a lapsed policy. The documentation requirements for revival or reinstatement of a policy depend on the time elapsed between the date of lapsation and the date when the request for revival has been made by the policyholder.

Solution:
Ethical behavior helps in developing trust between the agent and the insurer. In the trusting relationship, the prospect allocates trust insofar as they found the conduct of the agent as credible and reliable.

Solution:
In a life insurance contract, the stated sum of money to be paid to the beneficiary upon the insured’s death is termed as Face Amount. Also called the Coverage Amount, Face Amount or Sum Insured. A contract that pays a fixed sum of money at regular intervals, usually for life. A contract that pays an income for a set number of years, and will pay the annuitant's beneficiary or estate if the annuitant dies before the end of the payment term.

Solution:
If assets are overvalued, the result would be more surplus. As a result of over valuation of all the assets of an insurance company, the company's financial statements would show more surplus than the actual one.

Solution:
All the three are correct. Prospecting is building a list of persons who can be approached for life insurance. Marketing includes an exercise to meet the account holders of a bank. Meeting known and familiar people who can give an agent interview for life insurance purposes is useful.

Solution:
Notice of assignment and notice of nomination have to be given to the insurer. Transfer by the holder of a life insurance policy (the assignor) of the benefits or proceeds of the policy to a lender (the assignee), as a collateral for a loan. In the event of the death of the assignor, the assignee is paid first and the balance (if any) is paid to the policy's beneficiary.

Solution:
The complaint is to be made in writing. Send a written complaint, with supporting documents, to the insurer's grievance redressal officer, and get an acknowledgement.