Vidyalelo
Commerce · Q938

Insurance

Graduate and Post Graduate · Commerce · question 938

Q938

Which is a death claim?

A.
Early claim
B.
Non-early claim
C.
Both A & B
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
Solution:
Early claim and Non-early claim both are death claim. If the life assured dies during the term of the policy, the death claim arises. If the death has taken place within the first two years of the commencement of the policy, it is called an early death claim and if the death has taken after 2 years, it is called a non early death claim.