Family member as nominee of deceased policyholder will not merely be custodian1 min read . Updated: 30 Jan 2022, 02:10 PM IST
- The family member nominees will also beneficially be entitled to the amount payable by the insurer to the deceased policyholder
One of my friend’s relatives took an insurance policy with a public insurer in 2013 and she paid two payments and the third payment was not paid by the insurance agent. Later, she passed away due to health issues. She had only one daughter, who is a minor and nominee too. Can she claim her mother’s insurance, as she got to know about her mother's insurance policy a week ago?
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