A policy taken with critical illness rider benefit is being assigned. Which type of assignment would suit the intended purpose because if the life insured is diagnosed with a critical illness, he only should receive the critical illness rider claim?

A policy taken with critical illness rider benefit is being assigned. Which type of assignment would suit the intended purpose because if the life insured is diagnosed with a critical illness, he only should receive the critical illness rider claim? Correct Answer Conditional assignment

A policy taken with critical illness rider benefit is being assigned. Conditional assignment would suit the intended purpose because if the life insured is diagnosed with a critical illness, he only should receive the critical illness rider claim.

Related Questions

When critical illness rider benefit is payable?
The number of people diagnosed with dengue fever ( which is contacted from the bite of an infected mosquito ) in Bangladesh this year is twice the number diagnosed last year . The authorities have concluded that measures to control the mosquito population have failed in the region. All of the following , if true , would cast doubt on the authorities' conclusion EXCEPT-
If a policy is absolutely assigned to Ramesh and on the death of Srikant, the life assured, to whom will be paid the claim amount?
Once an absolute assignment is effected under a life insurance policy, who will be the titleholder(s) of this policy?
What normally happens to the sum insured under a life insurance policy once the period of the lien expires?