Question

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

a.

Refund of all premiums paid

b.

Sum assured plus accumulated bonuses, less outstanding premium payments

c.

Outstanding policy loans and interest

d.

Premiums due for the next policy term

Answer: (b).Sum assured plus accumulated bonuses, less outstanding premium payments Explanation:A death claim in a life insurance policy typically includes the sum assured plus accumulated bonuses, less outstanding premium payments and other dues.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

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

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

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?

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

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?

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

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

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

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

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?

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

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

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!