Q484
Shankar bought a 10 year Unit Linked Insurance Plan. If he dies before the maturity of the policy which of the below will be paid?
A.
Premiums paid will be returned with 2% higher interest rate as compared to a bank’s savings deposit
B.
Lower of sum assured or fund value
AnswerC.
Surrender value
D.
None of the above
Answer: Option B
Solution
Answer: Option B
Solution:
Shankar bought a 10 year Unit Linked Insurance Plan. If he dies before the maturity of the policy lower of sum assured or fund value will be paid.