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Business Services
Question
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A husband took the life insurance policy of his wife for ten years. After three years, the couple got divorced and latter on after three years, the wife died. Would husband get compensation from insurance company ? Give also reason for your answer.

Answer

The husband will get compensation from the insurance company.

Reason : In case of life insurance policy, the insurable interest must be present at the time of taking policy. The husband will get the compensation for the death of his wife even after divorce, if he is making regular payment of premium even after divorce.

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