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
Answer: Option D
Solution(By Examveda Team)
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.
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