Question

What is the difference in beneficiary specification for Mohammedan and Non-Mohammedan proposers under the MWP Act?

a.

Non-Mohammedan proposers can only take up named policies, while Mohammedan proposers can specify the beneficiaries as a class or as a named policy.

b.

Mohammedan proposers can only take up named policies, while Non-Mohammedan proposers can specify the beneficiaries as a class or as a named policy.

c.

Both Mohammedan and Non-Mohammedan proposers can specify the beneficiaries as a class or as a named policy.

d.

Neither Mohammedan nor Non-Mohammedan proposers can specify the beneficiaries as a class or as a named policy.

Posted under IC22 Life Insurance Underwriting

Answer: (b).Mohammedan proposers can only take up named policies, while Non-Mohammedan proposers can specify the beneficiaries as a class or as a named policy. Explanation:Non-Mohammedan proposers can specify the beneficiaries as a class or as a named policy and provide that the benefit should go to them jointly or to the survivors according to the specified percentages. However, Mohammedan proposers can only take up named policies.

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Q. What is the difference in beneficiary specification for Mohammedan and Non-Mohammedan proposers under the MWP Act?
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