When a death claim is payable?

A. If a policyholder dies after maturity of a policy

B. If a policyholder dies during the term of policy

C. If a policyholder dies after surrendering a policy

D. If insured dies after Foreclosure of a policy

Answer: Option B

Solution(By Examveda Team)

When the person assured dies during the Term of the policy i.e. before the date of maturity, proceeds under the policy as a claim, is payable to the beneficiary which is called a Death claim.