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Complete the Orion Namibia Beneficiary Nomination Form to allocate death benefits to your dependents or nominees, ensuring compliance with the Pension Funds Act.
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What is beneficiary nomination form?
A beneficiary nomination form is a document that allows an individual to designate one or more beneficiaries to receive benefits or assets upon their death.
Who is required to file beneficiary nomination form?
Individuals who have life insurance, retirement accounts, or certain financial accounts are typically required to file a beneficiary nomination form to ensure their benefits are distributed according to their wishes.
How to fill out beneficiary nomination form?
To fill out a beneficiary nomination form, provide your personal information, list the beneficiaries' names and details, specify the percentage or amount each beneficiary should receive, and sign and date the form.
What is the purpose of beneficiary nomination form?
The purpose of a beneficiary nomination form is to ensure that an individual's assets or benefits are distributed according to their preferences after their death, avoiding delays and potential disputes among heirs.
What information must be reported on beneficiary nomination form?
The information that must be reported includes the individual's full name, contact details, the beneficiaries' names and relationships, the percentage of distribution or specific amounts, and any conditions for the distribution.
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