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Options
- A
The policy becomes the property of the woman and cannot be taken back by the husband under any circumstances
- B
The policy can be effected for the benefit of wife or children or both of them
-
Both of the above
Correct answer
- D
Neither of the above
Why this is the answer
Under the MWP Act, the policy is the property of the woman, and nominees can be the wife or children. The policy cannot be reclaimed by the husband and remains her property, with nominees holding rights to claims.
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