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This question belongs to Commerce Insurance

Insurance

?

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 & Solution

Correct Answer: Option B

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.

Question posted by Examveda

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