If the policy holder dies, who will get the payout if the life assured is his(policyholder) daughter? Please reply🙏
What I understand the proposer is father and life insured is daughter. If father dies then life insured can be policy owner if daughter is above age 18 but she will have to submit a no objection from natural successor like mother .
If daughter is minor then a guardian name is given who will become policy owner post death of father .
Hope this clarifies.