Shankar bought a 10 year Unit Linked Insurance Plan. If he dies before the maturity of the policy which of the below will be paid?
A. Premiums paid will be returned with 2% higher interest rate as compared to a bank’s savings deposit
B. Lower of sum assured or fund value
C. Surrender value
D. None of the above
Answer: Option B
Solution (By Examveda Team)
Shankar bought a 10 year Unit Linked Insurance Plan. If he dies before the maturity of the policy lower of sum assured or fund value will be paid.Related Questions on Insurance
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