[amp_mcq option1=”Death claim” option2=”Maturity claim” option3=”Periodical survival claim” option4=”Surrender claim” correct=”option2″]<\/p>\n
The correct answer is B. Maturity claim.<\/p>\n
A maturity claim is a payment made under a life insurance policy when the insured person reaches a certain age or a specified number of years have elapsed since the policy was issued. In the case of a money-back policy, the maturity claim is typically equal to the amount of the premium paid plus interest.<\/p>\n
A death claim is a payment made under a life insurance policy when the insured person dies. The amount of the death claim is typically the face value of the policy, which is the amount that was specified when the policy was purchased.<\/p>\n
A periodical survival claim is a payment made under a life insurance policy to the insured person on a regular basis, such as monthly or annually. These payments are typically made for a specified number of years or until the insured person dies.<\/p>\n
A surrender claim is a payment made under a life insurance policy when the insured person surrenders the policy, which means that they cancel the policy and receive a refund of the cash value of the policy.<\/p>\n
I hope this helps! Let me know if you have any other questions.<\/p>\n","protected":false},"excerpt":{"rendered":"
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