Question

Life insurance provides protection to the family before the death of the insured. In case of premature death, the insured sum of money is not paid to the dependents of the insured.

Options

• True

• False

Answer 1

False

Explanation:

Life insurance provides protection to the family after the insured’s death. If premature death occurs, the sum assured is paid to dependents. Hence, the statement saying it is not paid is false.