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Nomination

Who is a nominee?

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A nominee is the person who receives the proceeds of your life insurance policy in case of your untimely death. You can choose your parent, spouse, child or any person dependent on you financially as your nominee.

Can I change my nominee later?

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Yes, you can change your nominee later. Your nominee can be changed before the maturity of your policy.

Who is an appointee?

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You have to choose an appointee if your nominee is below the age of 18 years. In case of death of the life assured during the minority of the nominee, the appointee shall receive the policy money. The appointee should be older than 18 years of age.

Can my child be a nominee?

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Yes, you can choose your child as a nominee. If your child below the age of 18 years you will a have to assign an appointee who is older than 18 years of age. In case of death of the life assured during the minority of the nominee, the appointee shall receive the policy money.