Whenever the claim arises before the end of the policy term it is an early claim
If the claim arises after 5 years, it is an early claim
All death claims are early claims
A claim by death within three years of commencement
✅ The correct answer is D.
A claim by death within three years of commencement is defined as an early claim. When a person with a life insurance policy – called a life assured – dies, a claim intimation should be sent to the insurance company as early as possible.
A claim by death within three years of commencement is defined as an early claim. When a person with a life insurance policy – called a life assured – dies, a claim intimation should be sent to the insurance company as early as possible.