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Examveda

In a Return of Premium plan (ROP), what is the quantum of maturity claim payable?

A. Sum insured

B. Sum insured + bonus

C. Return of premiums

D. Nothing

Answer: Option C

Solution(By Examveda Team)

ROP plan offers premium refund at maturity if the policyholder survives the tenure.

This Question Belongs to Commerce >> Insurance

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