Question

According to the Insurance Act, who can be nominated by the holder of a life insurance policy to receive the money secured by the policy in the event of the policyholder's death?

A Only blood relatives
B The insurance company
C Any person chosen by the insurance company
D The policyholder's employer
E Person chosen by the policyholder
Practice Next

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)