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The inclusion of nominee is important when applying for a LIC policy. The benefits and claims are transferred in the name of the nominee in case of any untoward happening to the policyholder. LIC authorizes to include single or multiple nominees with a defined percentage of share against your LIC policy provided the nominee has an insurable interest. Parents, spouse, children, and employer/ employee can be listed as a nominee for a LIC policy.
In case an NRI need any help with regard to addition, deletion or change a listed nominee from the current nomination of your LIC policy, drop an email to us with details of the policy. We'll be happy to help!