In a Unit Linked plan what is the death claim payable?

The correct answer is: D. Fund value.

A unit-linked plan is a type of life insurance policy that invests the premiums you pay in a variety of assets, such as stocks, bonds, and mutual funds. The value of your policy will fluctuate based on the performance of the underlying investments.

When you die, the death benefit will be paid out to your beneficiaries. The death benefit is typically equal to the fund value of your policy, which is the total amount of money in your policy account. However, there may be a minimum death benefit that is guaranteed, even if the fund value is lower.

Here is a brief explanation of each option:

• Sum insured: The sum insured is the amount of money that is guaranteed to be paid out to your beneficiaries when you die. This amount is typically specified when you purchase the policy.
• Sum insured less survival benefits paid already: This option would only apply if you have already received any survival benefits from your policy. Survival benefits are typically paid out to you if you survive for a certain period of time after purchasing the policy. If you have already received any survival benefits, the death benefit will be reduced by the amount of those benefits.
• Sum insured or fund value which is higher: This option would only apply if the fund value of your policy is higher than the sum insured. In this case, the death benefit would be equal to the fund value.
• Fund value: This is the most common option for death benefits in unit-linked plans. The death benefit is typically equal to the fund value of your policy, which is the total amount of money in your policy account.