If a policyholder dies after maturity of a policy
If a policyholder dies during the term of policy
If a policyholder dies after surrendering a policy
If insured dies after Foreclosure of a policy
✅ The correct answer is B.
When the person assured dies during the Term of the policy i.e. before the date of maturity, proceeds under the policy as a claim, is payable to the beneficiary which is called a Death claim.
When the person assured dies during the Term of the policy i.e. before the date of maturity, proceeds under the policy as a claim, is payable to the beneficiary which is called a Death claim.