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What is Nominee Meaning in Bank & Who Can Be A Nominee?
Whenever you open a bank account there is a section in the form which asks you to fill the nominee name. This section needs to be filled by the applicant…
Finance Related Deadlines to Be Kept In Mind for December 2023
[…] nomination can freeze the Demat accounts. The move is aimed at helping investors to secure their assets and pass them on to their legal heirs Demat account nominee: How…
Types Of Insurance – What Is Term Life, Unit Linked Insurance Plan, Whole Life & Endowment Insurance
[…] Insurance What Is Term Insurance? Term insurance is a basic financial security tool for an individual to park and save money to safeguard the future of the nominee(s) in…
Learn More About The Components Of Insurance: What Is a Premium, Deductible, Policy Limits & More
[…] Rider: Accidental Death rider is an optional feature one can add to a term life or whole life insurance policy. This rider gives death benefit to the nominee if…
Learn More About The Policy Documents & Procedures Involved When Purchasing An Insurance
[…] submitted at the time of buying the policy. Death Claims Sr. No Death Claim Documents 1. The death claim form, duly filled and signed by the nominee 2.…
What Is Re-Insurance Business?
A mutual fund is an investment program that is professionally managed and diversified in its investments.
What Is Insurance, Why Is It Needed & How Does It Work
[…] and by this period a large amount gets accumulated which is paid back on maturity to the insured if he survives or else it goes to the nominee. Tax…
Selecting The Right Insurance Policy – Points to Keep In Mind Before Selecting The Right Policy
[…] and understand who are covered in the policy. Also one need to check whether nomination is done or not. Because after the death of the person the nominee gets…
What are Tax Free Income Sources in India??
[…] be saved. The following are the list of incomes that are tax free in India. Money Received From Insurance Any amount which a policy holder or a nominee gets…
