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A nominee is a person who is named in a life insurance policy as the beneficiary of the death benefit. In other words, the person who will receive the insurance payout if the insured individual dies. The beneficiary can be a spouse, child, or deceased heir. A friend also can be nominated as a life insurance beneficiary.
To change the nominee in a life insurance policy, you typically need to follow these steps:
The policyholder can nominate a person less than 18 years of age as a nominee under their life insurance plan. A minor can be a nominee in life insurance policy if the minor is the child of the deceased. The minor has to be at least 18 years old and must not have any legal incapacity.
As per Life Insurance Corporation of India (LIC) Act, a person who is below 18 years cannot be a nominee for life insurance policy. However, a minor can be nominated for life insurance policy if he or she is the child of the deceased. The minor must be at least 18 years old and must not have any legal incapacity.
To download an Edelweiss Tokio life insurance policy statement, you typically need to follow the below steps.
To download a Canara HSBC OBC life insurance policy statement, you typically need to follow the below steps.
To download a Bharti AXA life insurance policy statement, you typically need to follow the below steps.
To download a Bajaj Allianz life insurance policy statement, you typically need to follow the below steps.
To download an Ageas Federal life insurance policy statement, you typically need to follow the below steps.
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