[Solved] Mr. Nimesh bought a 20-Years' Unit-Linked Insurance Plan (U.L.I.P.). In the Event: Mr. Nimesh dies, Within the Policy-Term, Which of the Following, will be paid?

Q.	Mr. Nimesh bought a 20-Years' Unit-Linked Insurance Plan (U.L.I.P.). In the Event: Mr. Nimesh dies, Within the Policy-Term, Which of the Following, will be paid?
A.	Surrender-Value will be paid.
B.	Premiums paid will be Returned, After Deducting the Dues.
C.	Lower of Sum-Assured or Fund-Value, will be paid.
D.	Higher of Sum-Assured or Fund-Value, will be paid.
Answer» D. Higher of Sum-Assured or Fund-Value, will be paid.

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Insurance Exam (LIFE)

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