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

A. Sum insured

B. Sum insured less survival benefits paid already

C. Bonuses

D. Nothing is payable

Answer: Option B

Solution(By Examveda Team)

In a money back plan, maturity claim payable is the sum insured less survival benefits paid already. The insured is entitled to claim the maturity benefits only when the policy is in force and all premiums have been paid duly.