Question

What is maturity benefit?

a.

The benefit payable upon death of the insured

b.

The benefit payable upon discontinuance of the policy

c.

The benefit payable at the end of the policy term

d.

The benefit payable upon policy surrender

Answer: (c).The benefit payable at the end of the policy term Explanation:Maturity benefit refers to the benefit payable on maturity, i.e., at the end of the term, as specified in the policy document.

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Q. What is maturity benefit?

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