You can switch off notifications anytime using browser settings.Mind completely occupied with Mindtree acquisition; will make it a big firm: A M Naik

L&T will launch the open offer to buy additional stake in Mindtree in around 10 …

While other Asian countries make their presence felt, why are Indian filmmakers no longer in contention for the Palme dOr?

Get comprehensive update of the lightning industry at ET Realty Lightning

Gold standard for rating CSR activities by corporates

A one stop platform that caters to the pulse of the pulsating energy.

Proposed definitions will be considered for inclusion in the

Definition:An absolute assignment is the act of complete transfer of the ownership (all rights, benefits and liabilities) of the policy completely to other party without any terms and condition.

Description:Absolute assignment shifts the ownership of the insurance policy.

For instance, a policy owner X wants to gift his life insurance policy to another person named Y. Hence X is doing absolute assignment. Here X is the assignor and Y is the assignee. Now all benefits, returns and even the liabilities are in the name of Y. If Y wants, he can further use absolute assignment and transfer the policy to other party.

Choose your reason below and click on the Report button. This will alert our moderators to take action

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights:Times Syndication Service

Choose your reason below and click on the Report button. This will alert our moderators to take action