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
C If a policyholder dies after surrendering a policy
D If insured dies after Foreclosure of a policy

Correct Answer: If a policyholder dies during the term of policy

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.
Bissoy MCQ
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Related Questions

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
B 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
Praveen died in a car accident. The beneficiary submits documents for a death claim. Which of the below document is an additional document required to be submitted in case of accidental death as compared to natural death?
A Certificate of burial or cremation
B Treating physician’s certificate
C Employer’s certificate
D Inquest Report
Given below is a list of document to be submitted for a normal death claim by all beneficiaries in the event of death of life insured. Pick the odd one out which is additionally required to be submitted only in case of death by accident.
A Inquest report
B Claim form
C Certificate of burial cremation
D Hospital’s certificate
In a money back plan, what is the death claim payable?
A Sum insured
B Sum insured less survival benefits paid already
C Bonus
D Nothing is payable
In a Unit Linked plan what is the death claim payable?
A Sum insured
B Sum insured less survival benefits paid already
C Sum insured or fund value which is higher
D Fund value
In a money back plan, what is the maturity claim payable?
A Sum insured
B Sum insured less survival benefits paid already
C Bonuses
D Nothing is payable
Maturity claim is payable when
A The insured survives the first 5 years
B The insured dies during policy term
C The insured is diagnosed with a critical illness
D The insured survives policy term
In a Return of Premium plan (ROP), what is the quantum of maturity claim payable?
A Sum insured
B Sum insured + bonus
C Return of premiums
D Nothing
In a Unit Linked plan what is the maturity claim payable?
A Sum insured
B Sum insured less survival benefits paid already
C Nothing is payable
D Fund value
Maturity claim is payable when _________
A When the insured survives the first 5 years
B When the insured dies during policy term
C When the insured is diagnosed with a critical illness
D When the insured survives policy term

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