Question

The holder of a policy of life insurance on his own life may___________ nominate the person or persons to whom the money secured by the policy shall be paid in the event of his death, under the Insurance Act, 1938

A When effecting the policy
B At any time after the policy matures for payment
C At any time before the policy matures for payment
D Both (a) & (b)
E Either (a) or (c)
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