Q513
If a policy is absolutely assigned to Ramesh and on the death of Srikant, the life assured, to whom will be paid the claim amount?
A.
Srikant’s wife
B.
'Nominee in Srikant’s policy
C.
'Srikant’s widow and children
D.
Ramesh
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
If a policy is absolutely assigned to Ramesh and on the death of Srikant, the life assured, Ramesh will be paid the claim amount.