The correct answer is: A. Money-back policy.
A money-back policy is a type of life insurance policy that pays out a portion of the policy’s face value in regular installments over a period of time, usually 10 or 20 years. This type of policy is designed to provide income replacement for the policyholder’s family in the event of their death.
A unit linked insurance policy is a type of life insurance policy that invests the premiums in a fund of stocks, bonds, or other assets. The value of the policy will fluctuate based on the performance of the underlying investments.
A return of premium policy is a type of life insurance policy that returns the entire amount of the premiums paid, plus interest, to the policyholder if they survive to the end of the policy term.
A term insurance policy is a type of life insurance policy that provides coverage for a specific period of time, usually 10, 15, or 20 years. If the policyholder dies during the term of the policy, the death benefit is paid to the beneficiaries. If the policyholder survives the term of the policy, no benefits are paid.
In conclusion, the only type of policy that pays out the claim in the form of periodic payments is a money-back policy.