Reply To: Assignment

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February 19, 2019 at 6:56 am #24502
Arpit Surana
Participant

    RISHABH wrote:

    According to Section 38 of the Insurance Act 1938 , you can assign your policy to an individual or a financial institution provided there is an insurable interest between you and such individual/ financial institution.You can assign your policy to take a loan against it, as a security or in order to gift it to someone .

    Sent from my SM-A605G using Actuarial Info mobile app

    Is it in General Insurance or life or both?