Question
a.
When the policyholder decides to surrender the policy
b.
When the policy reaches its maturity period
c.
When the life assured passes away
d.
When critical illnesses are covered under the policy
Posted under IC38 Life Insurance Agent Exam
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. When does a death claim typically arise in a life insurance contract?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. What is the maximum time frame for completing an investigation if the claim warrants one, as per IRDAI?
View solution
Q. In what situations are survival claims typically payable?
View solution
Q. How is a survival claim typically ascertained in a life insurance policy?
View solution
Q. What makes the process of ascertaining maturity claims and money-back instalment claims straightforward?
View solution
Q. What triggers the event of surrender value payments in a life insurance policy?
View solution
Q. How are critical illness claims ascertained in life insurance?
View solution
Q. How is a maturity claim different from other types of claims in life insurance?
View solution
Q. How is a surrender value payment different from other claim payments in life insurance?
View solution
Q. How are critical illness claims typically ascertained in life insurance?
View solution
Q. What happens to the insurance cover under a life insurance contract when a death claim is paid?
View solution
Q. Why is it important to educate policyholders about conditional assignments in critical illness benefits?
View solution
Q. What are survival benefit payments in a life insurance policy?
View solution
Q. What is the surrender value of a life insurance policy?
View solution
Q. When can a life insurance policy be surrendered?
View solution
Q. What is the purpose of a critical illness rider in a life insurance policy?
View solution
Q. What happens to the policy contract when a maturity claim is paid?
View solution
Q. What is a death claim in a life insurance policy?
View solution
Q. What does a death claim typically include in a life insurance policy?
View solution
Q. When is a death claim considered "early" in a life insurance policy?
View solution
Q. What forms are typically submitted for a death claim in a life insurance policy?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC38 Life Insurance Agent Exam? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!