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Commerce · Q542

Insurance

Graduate and Post Graduate · Commerce · question 542

Q542

State the correct position in a missing assured death claim

A.
Payment is subject to an order from a competent court of law
B.
Payment will depend on the policy status as on the date of the court order
C.
Seven year waiting period is as per the Indian Evidence Act
D.
All of the above
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
All the statements are correct.
Payment is subject to an order from a competent court of law, Payment will depend on the policy status as on the date of the court order and Seven year waiting period is as per the Indian Evidence Act.