Insurance Awareness - Life Insurance - LIC
Who is entitled to receive the claim amount in case the nominee is not alive at the time of the policyholder's death?
Who is entitled to receive the claim amount in case the nominee is not alive at the time of the policyholder's death?
easy Q2 of 15
Step-by-Step Solution
Step 1: Understand claim beneficiary hierarchy
If the nominee is deceased, the claim amount goes to the legal heirs.Step 2: Exclude unrelated parties
Insurance agents, IRDAI, or employer have no claim rights.Final Answer:
Legal heir → Option BQuick Check:
Legal heirs are the rightful claimants in absence of a living nominee.
Quick Trick: Legal heirs get claim if nominee is not alive.
Common Mistakes:
MISTAKES- Assuming nominee's representative or agent can claim.
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