In a money back plan, what is the death claim payable?

A. Sum insured

B. Sum insured less survival benefits paid already

C. Bonus

D. Nothing is payable

Answer: Option A

Solution(By Examveda Team)

In a money back plan, Sum insured is the death claim payable. Money-back plans usually come as participating plans where bonuses are added. The accrued bonus is then paid on maturity or on death.