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Nomination of Beneficiary Insurance Super Scheme No2 1. Life Insured Details Name of Life Insured.....................................................................................................................

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How to fill out nomination of beneficiary

01

Step 1: Obtain the nomination of beneficiary form from the relevant financial institution or insurance company.

02

Step 2: Fill in the personal details of the policyholder, including name, address, and policy number.

03

Step 3: Provide the details of the nominee, including name, relationship to the policyholder, and contact information.

04

Step 4: Specify the percentage of the policy proceeds that each nominee should receive.

05

Step 5: Sign and date the form in the presence of witnesses, as per the requirements of the financial institution or insurance company.

06

Step 6: Submit the completed nomination of beneficiary form to the relevant financial institution or insurance company for processing.

Who needs nomination of beneficiary?

01

Anyone who has a life insurance policy, retirement account, or investment account may need to fill out a nomination of beneficiary form.

02

It is important for individuals who want to ensure that their assets are distributed according to their wishes after their passing to complete a nomination of beneficiary form.

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What is nomination of beneficiary?

Nomination of beneficiary is a process where an individual designates a person or entity to receive certain benefits or assets in the event of their death.

Who is required to file nomination of beneficiary?

Any individual with benefits or assets that can be assigned to a beneficiary may be required to file a nomination of beneficiary. This can include insurance policies, retirement accounts, or investments.

How to fill out nomination of beneficiary?

To fill out a nomination of beneficiary, the individual must provide the name, contact information, relationship to the beneficiary, and the percentage of the benefit or asset they will receive.

What is the purpose of nomination of beneficiary?

The purpose of nomination of beneficiary is to ensure that the benefits or assets are distributed according to the individual's wishes in the event of their death.

What information must be reported on nomination of beneficiary?

The nomination of beneficiary form typically requires the individual to report the beneficiary's name, relationship, percentage of benefit, and contact information.

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