📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Who can nominate the person or persons to whom the money

      secured by the policy shall be paid in the event of the death of the policy holder as per the Insurance Act, 1938?
      A Insurer Correct Answer Incorrect Answer
      B Policy holder Correct Answer Incorrect Answer
      C Nominee Correct Answer Incorrect Answer
      D Either of the above Correct Answer Incorrect Answer
      E Both (a) & (b) Correct Answer Incorrect Answer

      Solution

      Section 39 Nomination by policy-holder- (1) The holder of a policy of life insurance on his own life may, when effecting the policy or at any time before the policy matures for payment, nominate the person or persons to whom the money secured by the policy shall be paid in the event of his death

      Practice Next
      More Insurance Laws Questions
      ask-question