Multiple choice

Which of the following statements is correct?

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

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

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

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

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

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