Is Nominee or Beneficiary are necessary for any life insurance? Similar Threads: NSC lost by nominee need help ICICI Pru Life Insurance Policy - personal details & nominee details are not correct? Nominee of ULIP would get? No nominee? Would it be a problem in claim? Nominee and Beneficiary?
Originally Posted by Dhruv Is Nominee or Beneficiary are necessary for any life insurance? It is not necessary to have Nominee or Beneficiary, but it helps at the time of claim. The sum insured is given to the nominee, in case something happened to policy holder or insured.
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