Question
a.
Maturity claims are based on medical records
b.
Maturity claims are triggered by the decision of the policyholder or assignee
c.
Maturity claims do not involve a penalty for premature withdrawal
d.
Maturity claims are established based on dates determined at the beginning of the contract
Posted under L09 Life Insurance Claims 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. How is a maturity claim different from other types of claims in life insurance?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
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
Q. What happens if the insurer detects incorrect statements or material facts suppression in a death claim?
View solution
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?
View solution
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?
View solution
Q. What interest rate is applicable if a claim is ready for payment but cannot be made due to improper identification of the payee?
View solution
Q. How much interest does a life insurance company need to pay on the claim amount in case of a delay in processing the claim for reasons other than improper identification?
View solution
Q. What role is expected of an insurance agent in the claim process for a life insurance policy?
View solution
Q. What is the purpose of Section 45 of the Insurance Act?
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!
