Question

Who can claim the benefits of policies taken under the MWP Act?

a.

The legal heirs of the life assured

b.

The creditors of the life assured

c.

The employer of the life assured

d.

None of the above

Posted under IC22 Life Insurance Underwriting

Answer: (d).None of the above Explanation:The policies taken under the MWP Act cannot be claimed by the other legal heirs or the husband's creditors, nor can the husband claim any benefit. The beneficiaries declared at the time of policy issuance are the only ones entitled to the benefits.

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Q. Who can claim the benefits of policies taken under the MWP Act?
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