Vidyalelo
Commerce · Q596

Insurance

Graduate and Post Graduate · Commerce · question 596

Q596

State the correct position

A.
In Money Back Claim on maturity the balance sum alone is payable along with attached bonus, if any
Answer
B.
In the above case full sum assured is payable
C.
Nothing more is payable after the instalments are paid to the assured
D.
On death before the end of the policy in the above case the balance sum is payable

Answer: Option A

Solution

Answer: Option A
Solution:
In Money Back Claim on maturity the balance sum alone is payable along with attached bonus, if any.