n NISM Certifications
NSM General NISM
Medium

What happens if the policyholder dies after the policy has matured?

Practice question from IC 38 Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    The nominee receives no benefits

  2. B

    The appointee becomes the beneficiary

  3. The nominee receives the policy proceeds

    Correct answer

  4. D

    The claim amount is forfeited

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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