Question
a.
A claim made by the policyholder for a refund of premiums paid
b.
A claim made by the beneficiary or legal heir of the insured upon the insured's death
c.
A claim made by the insurer for outstanding premium payments
d.
A claim made by the policyholder upon policy surrender
Posted under IC38 Life Insurance Agent Exam
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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. 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. 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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