[Solved] Which of the following is TRUE about the maturity benefit in an endowment insurance policy? — Ans: It includes the sum assured plus any declared bonuses if the insured survives... | Insurance Awareness

Insurance Awareness - Life Insurance - LIC

Which of the following is TRUE about the maturity benefit in an endowment insurance policy?

AIt includes the sum assured plus any declared bonuses if the insured survives the policy term

BIt is paid only if the insured dies during the policy term

CIt is paid as periodic installments throughout the policy term

DIt is equal to the total premiums paid without any additional amount

Step-by-Step Solution

Step 1: Understand maturity benefits in endowment policies
Maturity benefit is payable if the insured survives the policy term and includes the sum assured plus bonuses declared by the insurer.
Final Answer:
It includes the sum assured plus any declared bonuses if the insured survives the policy term → Option A
Quick Check:
Includes the sum assured = correct choice ✅

Quick Trick: Maturity benefit = sum assured + bonuses on survival.

Common Mistakes:

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