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?

LohaHridoy
  1. Absolute assignment
  2. Conditional assignment
  3. Loan assignment
  4. Collateral assignment

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AhmedNazir

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Answer: Option 2

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.

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