In an insurance policy, a 'Nominee' is a person who:

Question

Banking · Insurance Principles

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Share:

Correct answer

Receives the claim amount if the policyholder dies

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Insurance Principles?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Banking · Insurance Principles

The arrival of which commission in India triggered widespread protests, including mass hartals across the country in 1928?

Which of the following leaders was instrumental in initiating and leading India’s struggle for independence?

Which of the following viceroys of India is associated with the 'Ilbert Bill' controversy?

Answer 1

Sells the policy to customers

Answer 2

Pays the policy premium regularly

Answer 3

Receives the claim amount if the policyholder dies

Answer 4

Owns the insurance policy

Related Practice Questions