GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which section of the Indian Insurance Act 1938 provides for nomination of a person?
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Section 37
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Section 38
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Section 39
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Section 40
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Explanation:
Detailed explanation-1: -The policyholder of a life insurance on his own life may nominate a person or persons to whom money secured by the policy shall be paid in the event of his death.
Detailed explanation-2: -The Insurance Act, 1938 is a law originally passed in 1938 in British India to regulate the insurance sector. It provides the broad legal framework within which the industry operates.
There is 1 question to complete.