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
D. Death claim may be paid to the nominee in a WWP Policy
Answer: Option C
Solution(By Examveda Team)
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.Related Questions on Insurance
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