What is defined an early claim?

A. Whenever the claim arises before the end of the policy term it is an early claim

B. If the claim arises after 5 years, it is an early claim

C. All death claims are early claims

D. A claim by death within three years of commencement

Answer: Option D

Solution(By Examveda Team)

A claim by death within three years of commencement is defined as an early claim. When a person with a life insurance policy – called a life assured – dies, a claim intimation should be sent to the insurance company as early as possible.