Multiple choice

The amount of which of the following policies is payable only to the legal heir of assured?

  1. Endowment Life Assurance Policy

  2. Joint Life Policy

  3. Whole Life Policy

  4. Annuity Policy

  5. Children's Endowment Policy

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In this kind of policy the amount is not payable before the death of the assured. Hence, the policy money or amount becomes payable only to the legal heir of the assured.