Q935
When a death claim is payable?
A.
If a policyholder dies after maturity of a policy
B.
If a policyholder dies during the term of policy
AnswerC.
If a policyholder dies after surrendering a policy
D.
If insured dies after Foreclosure of a policy
Answer: Option B
Solution
Answer: Option B
Solution:
When the person assured dies during the Term of the policy i.e. before the date of maturity, proceeds under the policy as a claim, is payable to the beneficiary which is called a Death claim.