Maturity claim is payable when _________

A. When the insured survives the first 5 years

B. When the insured dies during policy term

C. When the insured is diagnosed with a critical illness

D. When the insured survives policy term

Answer: Option D

Solution(By Examveda Team)

Maturity claim is payable when the insured survives policy term. 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.