Legal Question in Insurance Law in India
change of nomination in insurance policy, from daughter to nephew.
Does nephew as a nominee have rights to recieve the policy amount after the policy holders death?
Asked on 11/26/10, 3:32 am
1 Answer from Attorneys
Chandrawat, Call- +91-8109444689
Litigation Expert & Legal Advisor ([email protected])
The purpose of nomination is to have payment of policy amount to nominee in case policy holder is no more in future or any such issue. If policy holder himself expressly make any change in nomination then it would prevail.
Answered on 11/26/10, 5:14 am
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