Question

As per the MWP Act who among the following are consumers for an insurance policy?

a.

The policyholder himself

b.

Nominee of the policy

c.

Beneficiary of the policy

d.

All of the above

Answer: (d).All of the above Explanation:According to the MWP Act, the policyholder, nominee, and beneficiary are all considered consumers of the insurance policy.

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Q. As per the MWP Act who among the following are consumers for an insurance policy?

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