New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    A demand made by the insured, or the insured’s beneficiary, for payment of the benefits is known as?

    A Claim Correct Answer Incorrect Answer
    B Reward Correct Answer Incorrect Answer
    C Premium Correct Answer Incorrect Answer
    D Coverage Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    An insurance claim is a formal request to an insurance company for coverage or compensation for a covered loss or policy event.

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