Pick out the correct statement.

A. If a claim arises in a policy with the death of the assured and if the due premium is not paid and as grace period has not expired, claim will be paid only for The assignment value

B. Nomination is governed by Sec 38 of the Insurance Act1938

C. In the above case full claim for the original sum assured will be paid after deducting the unpaid premium

D. The assignment is governed by Sec 39 of the Insurance Act’1939

Answer: Option C

Solution(By Examveda Team)

In the above case full claim for the original sum assured will be paid after deducting the unpaid premium.