Q525
State the correct option?
A.
In a MWP Act policy claim moneys can be paid to a near relative of the assured
B.
Policy claim moneys can be paid to the assured in a maturity claim
C.
Policy claim money can be paid only to the named trustee as the policy is a separate trust
AnswerD.
Death claim may be paid to the nominee in a WWP Policy
Answer: Option C
Solution
Answer: Option C
Solution:
Policy claim money can be paid only to the named trustee as the policy is a separate trust. When the trust takes out a policy, please make sure it has a separate bank account to pay premiums and receive benefits.