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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

Answer: Option D

Solution(By Examveda Team)

If a policy is absolutely assigned to Ramesh and on the death of Srikant, the life assured, Ramesh will be paid the claim amount.

This Question Belongs to Commerce >> Insurance

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