Need A Financial Product Forums Insurance Nomination of the Insurance policy Nomination-of-the-Insurance-policy_REPLY


The ultimate goal of any LIC policy is to have a nominee. This is extremely important point as this is the main purpose of any policy to provide benefit to the nominee of the policy. It is very sad on the LIC part to see the unfortunate delay at the time of claiming death settlement just because the policy holder has not mentioned any nominee in the policy at the time of buying the policy. As a responsible person, policy holder should mention the name of the nominee at the time of buying the policy itself. If he/she has done the nomination then they should check the name of nominee in the policy schedule. The nomination could be changed at any point of time.

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Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...


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