Lic

DEEPAK DHAMEJA (Querist) 07 November 2013 This query is : Resolved
MY ONE OF UNMARRIED SISTER EXPIRED.
SHE HAS NOMINATED MY ANOTHER SISTER AS NOMINEE.
BUT NOW MY SISTER WANTED TO CHANGE NOMINEE IN MY NAME
WHETER IT IS POSSIBLE OR NOT ?
IF YES SO WHAT IS PROCESS ?

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ajay sethi (Expert) 07 November 2013
state facts clearly

ajay sethi (Expert) 07 November 2013
if un unmarried sister had made nomination in favour of your sister as nominee she will get the proceeds of LIC policy on death of your sister .
nominee is trustee for all legal heirs

BAALASUBRAMANNYAMM (Expert) 07 November 2013
No nominee is entitled to nominate another nominee, but the receivable benefits of the deceased person(your unmarried sister), has to be transferred in the name of her nominee(another sister). Then only the another sister can nominate you, as nominee.This principle will not be applied in case of Insurance Policies.