{"id":32448,"date":"2024-04-15T09:01:49","date_gmt":"2024-04-15T09:01:49","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=32448"},"modified":"2024-04-15T09:01:49","modified_gmt":"2024-04-15T09:01:49","slug":"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-5000","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/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-5000\/","title":{"rendered":"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?"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Mahesh&#8221; option2=&#8221;Karan&#8221; option3=&#8221;The payment will be shared equally by Mahesh and Karan&#8221; option4=&#8221;Neither of the two because Mahesh has suffered the heart attack but the policy is assigned in the favor of Karan&#8221; correct=&#8221;option2&#8243;]<!--more--><\/p>\n<p>The correct answer is B. Karan.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Mahesh&#8221; option2=&#8221;Karan&#8221; option3=&#8221;The payment will be shared equally by Mahesh and Karan&#8221; option4=&#8221;Neither of the two because Mahesh has suffered the heart attack but the policy is assigned in the favor of Karan&#8221; correct=&#8221;option2&#8243;]<\/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-32448","post","type-post","status-publish","format-standard","hentry","category-insurance","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>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?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/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-5000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"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?\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Mahesh&#8221; option2=&#8221;Karan&#8221; option3=&#8221;The payment will be shared equally by Mahesh and Karan&#8221; option4=&#8221;Neither of the two because Mahesh has suffered the heart attack but the policy is assigned in the favor of Karan&#8221; correct=&#8221;option2&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/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-5000\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T09:01:49+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"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?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/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-5000\/","og_locale":"en_US","og_type":"article","og_title":"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?","og_description":"[amp_mcq option1=&#8221;Mahesh&#8221; option2=&#8221;Karan&#8221; option3=&#8221;The payment will be shared equally by Mahesh and Karan&#8221; option4=&#8221;Neither of the two because Mahesh has suffered the heart attack but the policy is assigned in the favor of Karan&#8221; correct=&#8221;option2&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/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-5000\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T09:01:49+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/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-5000\/","url":"https:\/\/exam.pscnotes.com\/mcq\/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-5000\/","name":"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?","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-15T09:01:49+00:00","dateModified":"2024-04-15T09:01:49+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/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-5000\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/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-5000\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/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-5000\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"Insurance","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/insurance\/"},{"@type":"ListItem","position":4,"name":"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?"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/32448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=32448"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/32448\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=32448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=32448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=32448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}