Vidyalelo
Commerce · Q658

Insurance

Graduate and Post Graduate · Commerce · question 658

Q658

In a ULIP claim before the date of maturity will give

A.
Higher of the sum assured or the fund value
Answer
B.
Lower of the sum assured or the fund value
C.
Return of premiums with savings bank rate of interest
D.
Surrender value

Answer: Option A

Solution

Answer: Option A
Solution:
In a ULIP claim before the date of maturity will give Higher of the sum assured or the fund value.