Life insurance beneficiary

Life insurance: Who can qualify as a beneficiary? - Khaleej Times

Life insurance is a financial product that is meant to provide financial protection to your dependents in the event of your untimely death. The sole intention of availing the risk cover is to provide the financial security to the intended beneficiary. Easier said than done, the misconceptions over the beneficiary concept can create a lot of confusion. Before you avail any life insurance plan, it's essential to know 'who gets the claim'. A beneficiary is the person or an entity who is entitled to receive the benefits under the policy in the event of policy holder's death or on the maturity of the policy. The beneficiary may be life-assured or his assignee or beneficial nominee or the legal...

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