Because the nominee is who the insurer pays. An outdated nominee — a former spouse, or a parent who has since passed away — turns a straightforward claim into a legal problem for a grieving family. Review nominee details on every policy at least once a year.
Information on this website is educational and advisory in nature. Insurance products, benefits, exclusions, waiting periods and claim outcomes are subject to the terms and conditions of the respective insurer's policy document and applicable IRDAI regulations. Please read the policy wording carefully before concluding a sale.
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