Suffian J

On 20th February 1962 Man bin Mihat took out an insurance policy for $40,000 on his life and by the terms of the policy the insurance company agreed to pay that sum "at the end of 25 years from commencement of assurance or the previous death of the assured" to

"the assured or his assigns if he be living at the maturity of the policy. In the event of the death of the assured before the maturity of the policy the Company shall pay the monies hereby assured to the beneficiary named below if then living or to other the beneficiary appointed by the assured as hereinafter provided if then living, unless prevented by an assignment or other act or thing done or suffered by the assured during his lifetime and provided there is no statutory or other lawful restriction to the contrary. Provided always that the assured may at any time by writing signed by him and delivered at the head office of the Company at Singapore revoke the appointment of the beneficiary named below and may appoint another beneficiary with or without reserving the right of revocation or new appointment. Notwithstanding anything hereinbefore contained it is hereby agreed and declared that the assured may a