The correct answer is: D. Any of the above
The M.W.P. ACT stands for the Marriage and Welfare of Parents and Children Act. This act was passed in India in 1956 and it provides for the maintenance of parents and children. Under this act, the following people can make a death claim on a policy:
- The beneficiary named in the policy.
- The life insured‘s heirs**.
- The trustee of the policy.
The beneficiary is the person who is named in the policy to receive the death benefit. The life insured is the person whose life is insured under the policy. The heirs of the life insured are the people who are entitled to inherit the life insured’s assets after they die. The trustee of the policy is the person who is appointed to manage the policy on behalf of the beneficiary or the heirs.
In the case of a policy under the provision of M.W.P. ACT, any of the above people can make a death claim. The person who makes the claim will need to provide evidence of their relationship to the life insured and their entitlement to the death benefit.