[amp_mcq option1=”Payment is subject to an order from a competent court of law” option2=”Payment will depend on the policy status as on the date of the court order” option3=”Seven year waiting period is as per the Indian Evidence Act” option4=”All of the above” correct=”option4″]<\/p>\n
The correct answer is D. All of the above.<\/p>\n
In order to claim a missing assured death benefit, the claimant must first obtain a court order declaring the assured to be dead. The payment will then depend on the policy status as on the date of the court order. If the policy is in force, the claimant will receive the full death benefit. If the policy has lapsed, the claimant may still be entitled to a partial benefit, depending on the terms of the policy.<\/p>\n
The seven year waiting period is a requirement under the Indian Evidence Act. This means that the claimant must wait for seven years from the date of the assured’s disappearance before they can file a claim. This is to ensure that the assured is not still alive and that the claim is not fraudulent.<\/p>\n
Here is a more detailed explanation of each option:<\/p>\n
I hope this information is helpful. Please let me know if you have any further questions.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”Payment is subject to an order from a competent court of law” option2=”Payment will depend on the policy status as on the date of the court order” option3=”Seven year waiting period is as per the Indian Evidence Act” option4=”All of the above” correct=”option4″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[],"class_list":["post-32336","post","type-post","status-publish","format-standard","hentry","category-insurance","no-featured-image-padding"],"yoast_head":"\n