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vivekrawal
Posts: 39
Registered: ‎17-11-2016

I am going in for a home insurance plan. Do I need to have a nominee.

I am going in for a home insurance plan. Do I need to have a nominee.

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Regular Contributor
Arti
Posts: 199
Registered: ‎30-08-2021
Solution

Re: I am going in for a home insurance plan. Do I need to have a nominee.

Hi, 

The purpose of making a nomination is to identify the individual to whom the insurer has to hand over the policy proceeds in case of the policyholder's death. Remember, nomination is mandatory in life insurance .

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Regular Contributor
Arti
Posts: 199
Registered: ‎30-08-2021
Solution

Re: I am going in for a home insurance plan. Do I need to have a nominee.

Hi, 

The purpose of making a nomination is to identify the individual to whom the insurer has to hand over the policy proceeds in case of the policyholder's death. Remember, nomination is mandatory in life insurance .