UPMSP Vocational Insurance Practice Questions - Uttar Pradesh UPMSP Intermediate (Class 12) Vocational Insurance - Code 228 Exam

At what specific point in time must 'insurable interest' exist in a Life Insurance contract?

Only at the time of taking the policy (inception of contract) Only at the time of death or occurrence of the claim Continuously throughout the entire term of the policy and at the time of claim Only at the time of policy maturity

Correct Answer:

Only at the time of taking the policy (inception of contract)

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