For a Life Assurance Policy, Nomination is allowed Under --- of Insurance Act, 1938.
A)Section 10
B)Section 38
C)Section 39
D)Section 45

Question

Quizplus · Accepted Answer

Section 39 of the Insurance Act, 1938 allows for the nomination in a Life Assurance Policy. This provision enables the policyholder to nominate a person or persons to whom the policy proceeds will be payable in the event of the policyholder's death.

For a Life Assurance Policy, Nomination Is Allowed Under ---