The correct answer is: B. When the insured events happen.
An insurance policy is a contract between an insurance company and an insured person. The insurance company agrees to pay the insured person a sum of money if the insured event happens. The insured event is the event that is covered by the insurance policy. For example, in a car insurance policy, the insured event is a car accident.
A claim is a request for payment from an insurance company. A claim can be made when the insured event happens. For example, if you have a car accident, you can make a claim to your car insurance company.
The other options are incorrect. Option A is incorrect because the policyholder does not have to feel the need for money to make a claim. Option C is incorrect because a premium is not paid when the insured event happens. Option D is incorrect because not all three things mentioned above have to happen for a claim to arise.
I hope this helps! Let me know if you have any other questions.