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This question belongs to Commerce Insurance

Insurance

?

In a Unit Linked plan what is the maturity claim payable?

A) Sum insured B) Sum insured less survival benefits paid already C) Nothing is payable D) Fund value

Answer & Solution

Correct Answer: Option D

In a Unit Linked plan, Fund value is the maturity claim payable. At the time of maturity of the plan, the policyholder receives the value of the fund, along with bonus and loyalty benefits, if any.

Question posted by Examveda

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