Which of the following statements are true with regard to MWP Act cases? I: Maturity claim cheques are paid to policyholder. II: Maturity claim cheques are paid to trustee.

The correct answer is: C. Both I and II are true.

The MWP Act, or the Maturity Withdrawal Payment Act, is a law that was passed in 2007. The purpose of the law is to protect the interests of policyholders who have invested in maturity withdrawal plans. The law states that maturity claim cheques must be paid to the policyholder, or to a trustee appointed by the policyholder.

There are a few reasons why the law requires that maturity claim cheques be paid to the policyholder or a trustee. First, it is important to protect the interests of the policyholder. If the policyholder dies before the maturity date, the maturity claim cheque should be paid to the policyholder’s estate. Second, it is important to protect the interests of the trustee. If the policyholder is unable to manage their own finances, the trustee can be appointed to manage the maturity claim cheque on their behalf.

The MWP Act is an important law that protects the interests of policyholders. If you have invested in a maturity withdrawal plan, it is important to be aware of the law and to make sure that your maturity claim cheque is paid to the correct person.

Here is a brief explanation of each option:

• Option A: I is true. This option is true because the MWP Act states that maturity claim cheques must be paid to the policyholder.
• Option B: II is true. This option is true because the MWP Act also states that maturity claim cheques can be paid to a trustee appointed by the policyholder.
• Option C: Both I and II are true. This option is the correct answer because both statements are true.
• Option D: Neither I nor II is true. This option is false because both statements are true.