Which of the following statements is correct?

A. Higher premium will give the beneficiary higher benefits at the time of claim

B. With lower premium in a life insurance policy, higher benefits are available to the beneficiary in a claim

C. Higher premium in a life policy will result in lower benefits to the claimant

D. None of the above

Answer: Option A

Solution(By Examveda Team)

The higher the premium deposited, the more the benefits at the time of claim.