Multiple choice

In a money back plan, what is the maturity claim payable?

  1. Sum insured

  2. Sum insured less survival benefits paid already

  3. Bonuses

  4. Nothing is payable.

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Money back plan is typically an endowment plan with the provision for return of a part of the sum assured in periodic installments during the term and balance of sum assured at the end of the term.

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