Vidyalelo
Commerce · Q483

Insurance

Graduate and Post Graduate · Commerce · question 483

Q483

A payment made under a money-back policy upon reaching a milestone will be classified under which type of claim?

A.
Death claim
B.
Maturity claim
C.
Periodical survival claim
Answer
D.
Surrender claim

Answer: Option C

Solution

Answer: Option C
Solution:
A payment made under a money-back policy upon reaching a milestone will be classified under Periodical survival claim.