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The amount which can be demanded under t...

The amount which can be demanded under the policy is _______.

A

policy value

B

premium

C

interest

D

claim

Text Solution

AI Generated Solution

The correct Answer is:
To solve the question, we need to identify the correct term that refers to the amount that can be demanded under an insurance policy. Let's break it down step by step: ### Step 1: Understand the Terms - **Policy Value**: This is the total value of the insurance policy, but it is not the amount that can be demanded. - **Premium**: This is the amount paid periodically to maintain the insurance policy. This is also not the amount that can be demanded. - **Interest**: This refers to the additional amount that may be earned or paid, but again, it is not what can be demanded under the policy. - **Claim**: This is the amount that the policyholder can demand from the insurance company when a covered event occurs. ### Step 2: Identify the Correct Answer From the definitions above, the only term that refers to the amount that can be demanded under the policy is **Claim**. ### Conclusion Thus, the amount which can be demanded under the policy is **Claim**. ---
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