Q175
Maturity claim is payable when
A.
The insured survives the first 5 years
B.
The insured dies during policy term
C.
The insured is diagnosed with a critical illness
D.
The insured survives policy term
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Maturity claim is payable when the insured survives policy term. Maturity Claim is associated with the Maturity Benefit of the Policy i.e. the claim which arises when the policy matures. It simply means that when the policy completes its tenure, a certain amount of money called Maturity Claim amount is settled towards the life assured.