Mahesh has brought a life insurance policy with a critical illness rider. He has made absolute assignment of the policy in favor of khan. Mahesh suffers a heart attack and there is a claim of Rs.50,000 under the critical illness rider. To whom will the payment be made in this case?

The correct answer is B. Karan.

An absolute assignment is a transfer of all of the rights and benefits under a contract. In this case, Mahesh has transferred all of his rights under the life insurance policy to Karan. This means that Karan is now the owner of the policy and will be the beneficiary of any claims.

Option A is incorrect because Mahesh is no longer the owner of the policy. Option C is incorrect because the payment will not be shared equally between Mahesh and Karan. Option D is incorrect because Karan is the owner of the policy and will be the beneficiary of any claims.