Current Affairs

GK MCQs Section
Q. What is a "Beneficiary" in a life insurance policy?
Answer: The person who receives the claim benefits upon the policyholder’s death
Notes: A beneficiary is the person or entity named in a life insurance policy who will receive the policy benefits upon the policyholder's death.
Question Source: 📚This question is part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations. Download the app here.
📌 Question Number: 8 in Important Terms Related to Insurance Sector in the above course in App.