Question

In the context of insurance policies, who does the term "policy-holder" include as per the Insurance Act?

A Only the original purchaser of the insurance policy
B Only the person to whom the policy-holder's interest is assigned
C Any person to whom the policy-holder's interest is assigned once and for all
D Only an assignee with a defeasible interest
E Both the original purchaser and any assignee with a defeasible interest
Practice Next

Relevant for Exams:

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)