When the policy money becomes due for payment on the death of the policyholder, it can be paid only to the person who is legally entitled to give a valid discharge to the Corporation. For quick settlement of claims, it is in the interests of the policyholders to effect a nomination in respect of their policy.
\’Nomination in Life Insurance\’ (119 Words)
When the policy money becomes due for payment on the death of the policyholder, it can be paid only to the person who is legally entitled to give a valid discharge to the Corporation. For quick settlement of claims, it is in the interests of the policyholders to effect a nomination in respect of their policy.




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