Nomination can be changed at will by the assured during the course of the policy
Assignment can also be changed at will by the assured without referring to the assignee
Witness for an assignment is not mandatorily required
Like nomination, assignment can also be effected in the proposal
✅ The correct answer is A.
Nomination can be changed at will by the assured during the course of the policy. There is no limit on how many times a nominee can be changed during the term of a particular policy though some companies may charge money for nomination change.
Nomination can be changed at will by the assured during the course of the policy. There is no limit on how many times a nominee can be changed during the term of a particular policy though some companies may charge money for nomination change.