User:Neha.enest

What is Beneficiary? Overview A beneficiary can be anyone — a person or organization, which is designated to receive the proceeds of the insurance policy when there, is a claim. In other words, Beneficiary is nominee in this case. Beneficiary's benefits can be assigned to the following: • Life Insurance • Critical Illness Insurance • Accident Insurance Types of Insurance Beneficiary • Individual: Individual can be anyone (family member or anyone else). • Trust: Any Trust can be selected for Beneficiary benefits. • Charity: Charity can also be selected for Beneficiary benefits.