Question
In this policy, the amount payable to the insured will not be paid before the death of the assured. The sum will become payable only to the beneficiaries or heir of the deceased.
In this policy, the amount payable to the insured will not be paid before the death of the assured. The sum will become payable only to the beneficiaries or heir of the deceased.
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Solution
The correct option is A Whole life policy
In this policy, the amount payable to the insured will not be paid before the death of the assured. The sum will become payable only to the beneficiaries or heir of the deceased is known as whole life policy.
Whole life policy
In this policy, the amount payable to the insured will not be paid before the death of the assured. The sum will become payable only to the beneficiaries or heir of the deceased is known as whole life policy.
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