Section 34(3)(b) in First Statutes of the Jai Narayan Vyas University Jodhpur
(b)It is immaterial what from the policy takes: provided that it shall be one effected by the subscriber himself/herself on his/her own life and shall unless it is a policy expressed on the face of it to be for the benefit of his wife/her husband or of his wife/her husband and children or any of them be such as may be legally assigned by the subscriber himself/herself to the University.