The demand for payment made by the insured to the insurer following the occurrence of the event insured against is?

A. consideration
B. gratification
C. commission
D. claim

Correct Answer: Option D

D. claim

Explanation

An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event. The insurance company validates the claim and, once approved, issues payment to the insured or an approved interested party on behalf of the insured.