Question
Who can the policyholder nominate to receive the money
secured by a life insurance policy in the event of their death, and what happens if the nominee is a minor?Solution
, Explanation: Section39. Nomination by policyholder—(1) The holder of a policy of life insurance on his own life may, when effecting the policy or at any time before the policy matures for payment, nominate the person or persons to whom the money secured by the policy shall be paid in the event of his death: Provided that, where any nominee is a minor, it shall be lawful for the policyholder to appoint any person in the manner laid down by the insurer, to receive the money secured by the policy in the event of his death during the minority of the nominee.
An auditor cannot audit a firm if his/her relative is indebted to the company in excess of ______
Ensuring hassle-free credit availability at a cheaper rate to farmers has been the top priority of the Government of India. Accordingly, the Kisan Credi...
Which of the following is considered an intangible asset?
Under which of the following schemes, the UCBs can provide finance directly to the slum dwellers?Â
As per Union Budget 2025-26, what is the revised credit guarantee cover for startups under the government’s initiative?
Which among the following method is also called as Original cost method, Fixed Installment method or Equal Installment method?
Which of the following is a disadvantage of project finance?
Which among the following is a type of budgeting technique where the previous year’s figures are not used as a base for preparing next year’s budget...
Which of the following loan types is most appropriate for financing seasonal working capital needs of a trader?
Which of the following bank holds 10% state in Brickwork Ratings?
