Q356
Which one of the following statements is correct?
A.
The beneficiaries under the MWP Act can be any member of the family
B.
A policy can be taken under the MMWP Act for the benefit of parents
C.
Both the statements above are correct
D.
Both the statements above are wrong
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Both the statements are incorrect. The beneficiaries under the MWP Act cannot be any member of the family. A policy cannot be taken under the MMWP Act for the benefit of parents.