Question
a.
The date when the premium payment is due
b.
The date when the policyholder can surrender the policy for a cash value
c.
The date upon which the death benefit is paid to the beneficiary
d.
The date upon which the face amount of the policy is paid if the insured is still alive
Posted under IC 92 Actuarial Aspects of Product Development
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. What does "Maturity" refer to in the context of a life insurance policy?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. What is meant by a "Maturity Claim"?
View solution
Q. What is "Misrepresentation" in the context of insurance?
View solution
Q. What distinguishes a "Money Back Policy" from endowment plans?
View solution
Q. What is "Moral Hazard" in insurance?
View solution
Q. What is "Nomination" in the context of insurance?
View solution
Q. What are "Non-cancelable policies"?
View solution
Q. What is a "Premium" in insurance?
View solution
Q. What do Premium Back Term Insurance Plans provide?
View solution
Q. Who is considered a "Sub Standard Risk" in insurance?
View solution
Q. What does "Vesting Age" signify in an insurance-cum-pension plan?
View solution
Q. What is a "With-Profit policy" in life insurance?
View solution
Q. What is a "Without-Profit policy" in life insurance?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC 92 Actuarial Aspects of Product Development? 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!
