Who is the person that is named on an insurance policy that will receive the insurance proceeds in the event of an injury or damage?

A) Payee
B) Receiver
C) Insured
D) Beneficiary
E) Payor

Insurance Proceeds

The money received from an insurance company as a payout for claims made under an insurance policy.

Insured

A person or entity covered under an insurance policy, protected against specified losses or damages.

Damage

Loss or harm resulting from injury to a person, property, or reputation.