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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

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Who is the nominee in a relationship list?

Nominee is usually the spouse, children or parents. The insured person can nominate one or more person as his/her nominee.

Can I make my girlfriend my nominee?

Anyone can be appointed as a Nominee. But your spouse, parents or children are considered beneficial nominees. Anyone other than these may be rejected by the insurance company as a beneficial nominee.

Who is the nominee person?

It means he/she is the recipient of the finances of the original holders property or assets. In legal matters, nominee is the custodian of the finances whereas in case of insurance the nominee receives the benefits of the insurance when the insured person passes away.

How do I change my nominee?

Appointee details like full name, address, age, relationship with the nominee, gender, and required documents must be submitted. Once the application to change the nomination has been filed, the policyholder must receive a written acknowledgment from the insurance company.

What is trust nomination in insurance?

When you the policyowner make a trust nomination at the time of buying a policy or at any time after the policy is issued, you will lose all rights to the ownership of the policy. This means that all proceeds (living benefits and death benefits) from the policy now belong to the nominees you named.

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