Q481
Which of the below death claim will be treated as an early death claim?
A.
If the insured dies within three years of policy duration
AnswerB.
If the insured dies within five years of policy duration
C.
If the insured dies within seven years of policy duration
D.
If the insured dies within ten years of policy duration
Answer: Option A
Solution
Answer: Option A
Solution:
If the insured dies within three years of policy duration will be treated as an early 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.