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

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Q. When can a life insurance policy be surrendered?

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

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

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

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

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

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

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

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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?

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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?

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Q. What interest rate is applicable if a claim is ready for payment but cannot be made due to improper identification of the payee?

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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?

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Q. What role is expected of an insurance agent in the claim process for a life insurance policy?

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Q. What is the purpose of Section 45 of the Insurance Act?

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Q. What are the two main types of claims in life insurance?

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Q. What does Section 45 of the Insurance Act establish regarding the time limit for insurers to call a policy into question?

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Q. Which regulatory body has laid down regulations to safeguard and protect the insured or beneficiary in case of claims as per IRDAI (Protection of Policyholders Interests) Regulations, 2017?

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Q. What type of claim is typically associated with the insured surviving until the end of the policy term?

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Q. Which of the below statement best describes the concept of claim? Choose the most appropriate option.

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