Advise Mr Rajan, on the Point or Time, When Insurable Interest

Advise Mr. Rajan, on the Point or Time, when Insurable Interest has to be Present, in Case of Life Assurance.

A) Only at the Time of Taking the Policy.
B) Only at the Time of Making a Claim.
C) At the Time of Taking a Policy, and at the Time of Making a Claim.
D) In Case of Life Assurance, No Insurable Interest is Required.