In Insurance policies we always find a date which is “Date of Maturity”. What does it mean?
Q. In Insurance policies we always find a date which is “Date of Maturity”. What does it mean?
A. This is the date on which the policy was sold to the customer/person insured
B. This is the date on which the policy holder will have to submit his/her claim seeking the amount of the policy. Otherwise the company will not make any payment to him/her
C. This is the date on which the contract between the person and insurance company will come to an end
D. None of these
Answer: This is the date on which the contract between the person and insurance company will come to an end