Mr. Kapil had taken Insurance-Cover of Rupees 50 Lakhs, for a Period of 25 Years. Mr. Kapil dies in a Car- Accident, during the Policy-Term, and the Company pays the Sum-Assured Plus Accumulated Bonuses, to His Nominee. Which Type of Claim, was paid by the Insurance Company?

Question

Quizplus · Accepted Answer

The insurance company paid a Death-Claim because the payout was made due to Mr. Kapil's death during the policy term.

Mr Kapil Had Taken Insurance-Cover of Rupees 50 Lakhs, for a Period