The one who will get the insured amount if you die, is referred to as

A)
Insured or Policyholder
B)
Nominee or Beneficiary
C)
Insurer
D)
Agent

Correct Answer : Option (B) - Nominee or Beneficiary



A person who receives the benefit in case of death of the insured person is a nominee.

Published On : June 2, 2021
Category : Insurance and Finance