Question

    The Payment to the policyholder at the end of the

    stipulated term of the policy is called?
    A Surrender Value Correct Answer Incorrect Answer
    B Paid-up value Correct Answer Incorrect Answer
    C Sum Assured Correct Answer Incorrect Answer
    D Maturity Claim Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Maturity Claim is associated with the Maturity Benefit of the Policy i.e. the claim which arises when the policy matures. It simply means that when the policy completes its tenure, a certain amount of money called Maturity Claim amount is settled towards the life assured.

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