What is the minimum death benefit that can be received?

Dive into the world of Human Resources with the CHRA Test. Access multiple choice questions and hints. Prepare thoroughly and ace your exam!

The minimum death benefit that can be received is Php 15,000 because this amount typically aligns with common minimum standards set by various regulations or policies regarding life insurance or benefit plans in practice. Such thresholds are often established to ensure that beneficiaries receive a certain level of financial support in the event of a policyholder's death, providing them with a basic safety net.

In this context, Php 10,000 would generally be considered too low to provide meaningful support, while amounts like Php 20,000 and Php 25,000 are higher than the minimum standard, suggesting they may be associated with optional or enhanced benefit plans rather than the baseline requirement. This makes Php 15,000 the correct answer as it represents the minimum threshold most frequently referenced in relation to death benefits in various policies.

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