How Many Persons, can be nominated under a Policy? Choose the Most Appropriate Option.

Related MCQs

• A Policy is effected under Married Women's Property (M.W.P.) Act. If the Policy-Holder does not appoint a Special Trustee to receive and administer the Benefits under the Policy, the Sum, secured under the Policy, becomes Payable to --.
• If a Policy-Holder wishes to seek Compensation, up to Rupees 20 Lakhs, from Insurance Company, against a Grievance, then, Where Can, He or She lodge the Complaint? Choose the Most Appropriate Option.
• Section 45 (Indisputability Clause) of Insurance Act, protects the Insured, from Rejection of Claim, by the Insurer; provided the Policy has completed --. Choose the Most Appropriate Option.
• Describe One of the Major Innovations of the Universal Life Assurance Policy. Choose the Most Appropriate Option.
• Identify a Product, that can be categorised under Contingency-Products. Choose the Most Appropriate Option.
• Which One of the Following Statements, is Correct, with Regard to 'Sub-Standard Lives', under Risk- Classification? Choose the Most Appropriate Option.
• Which One of the Following, by Mutual Agreement of the Insured and the Insurer, can act as a Mediator and Counsellor, within the Terms of Reference, in Case of Dispute? Choose the Most Appropriate Option.
• Select the Correct Statement, with Regard to Grace- Period. Choose the Most Appropriate Option.
• Who among the Following Individuals, are considered as High-Risk by Insurance Companies? Choose the Most Appropriate Option.
• Who among the Following, is Likely to be Exposed to Accidental Hazard, in His or Her Occupation? Choose the Most Appropriate Option.