What is Nominee
Nominee is a person you choose who will be responsible and will receive the benefits of your insurance policy in case something happens to you. The IRDAI mandates the appointment of a nominee to ensure that, in the event of an unfortunate incident, the claim benefits are allocated to the correct individual without any legal hurdles.
Benefits of Nominee
Rightful Benefit Transfer
Ensures your nominated person receives the policy benefits directly.
Quick Claim Settlement
Helps your family access funds faster with minimal documentation.
Family’s Financial Security
Provides financial security to your loved ones when they need it most without delays.
Mandatory Compliance
Meets IRDAI’s requirement for nominee declaration on every policy.
