Q656
What is defined an early claim?
A.
Whenever the claim arises before the end of the policy term it is an early claim
B.
If the claim arises after 5 years, it is an early claim
C.
All death claims are early claims
D.
A claim by death within three years of commencement
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
A claim by death within three years of commencement is defined as an early claim. When a person with a life insurance policy – called a life assured – dies, a claim intimation should be sent to the insurance company as early as possible.