Question

How is a survival claim typically ascertained in a life insurance policy?

a.

By the decision of the policyholder to cancel the contract

b.

Based on medical and other records provided by the policyholder

c.

When the policy reaches its maturity period or fulfills specific conditions

d.

When critical illnesses are diagnosed

Answer: (c).When the policy reaches its maturity period or fulfills specific conditions Explanation:Survival claims in life insurance are typically ascertained when the policy reaches its maturity period or fulfills specific conditions outlined in the policy.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. How is a survival claim typically ascertained in a life insurance policy?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What makes the process of ascertaining maturity claims and money-back instalment claims straightforward?

Q. What triggers the event of surrender value payments in a life insurance policy?

Q. How are critical illness claims ascertained in life insurance?

Q. How is a maturity claim different from other types of claims in life insurance?

Q. How is a surrender value payment different from other claim payments in life insurance?

Q. How are critical illness claims typically ascertained in life insurance?

Q. What happens to the insurance cover under a life insurance contract when a death claim is paid?

Q. Why is it important to educate policyholders about conditional assignments in critical illness benefits?

Q. What are survival benefit payments in a life insurance policy?

Q. What is the surrender value of a life insurance policy?

Q. When can a life insurance policy be surrendered?

Q. What is the purpose of a critical illness rider in a life insurance policy?

Q. What happens to the policy contract when a maturity claim is paid?

Q. What is a death claim in a life insurance policy?

Q. What does a death claim typically include in a life insurance policy?

Q. When is a death claim considered "early" in a life insurance policy?

Q. What forms are typically submitted for a death claim in a life insurance policy?

Q. What happens if the insurer detects incorrect statements or material facts suppression in a death claim?

Q. Under what section of the Insurance Act, 1938 is a policy of life insurance protected from being called into question after three years from the policy's issuance date?

Q. What is the maximum time period insurers have to process a death claim under a life insurance policy as per IRDAI (Protection of Policyholders' Interests) Regulations, 2017?

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!