Question:
The person whose name is nominated in a Life Insurance Policy is called:
The person whose name is nominated in a Life Insurance Policy is called:
Updated On: Dec 16, 2024
- owner
- nomination
- nominee
- agent
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The Correct Option is C
Solution and Explanation
The nominee in a life insurance policy is the person named by the policyholder to receive the policy benefits in the event of the policyholder’s death. The nominee ensures that the benefits are provided to the intended beneficiary.
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