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Payout query regarding term life insurance

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22 Jan, 2023 by  DHANYA R

Hi

If the policy holder dies, who will get the payout if the life assured is his(policyholder) daughter? Please reply🙏

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Term Life Insurance

1 Answer

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22 Jan, 2023
CEO, Insurance Samadhan

Dear Dhanya

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.


Shailesh

Insurance Samadhan

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