Q127
In a money back plan, what is the death claim payable?
A.
Sum insured
AnswerB.
Sum insured less survival benefits paid already
C.
Bonus
D.
Nothing is payable
Answer: Option A
Solution
Answer: Option A
Solution:
In a money back plan, Sum insured is the death claim payable. Money-back plans usually come as participating plans where bonuses are added. The accrued bonus is then paid on maturity or on death.