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NOMINEE TO LEGAL HEIR
Rs 7 lakh life insurance cover at zero premium, which very few EPF members are aware of; check how to claim when neededEmployees' Provident Fund contributions offer a life insurance cover of up to Rs 7 lakh through the EDLI scheme, at no extra premium. This ...- Rs 1 lakh investment in NSC: What will be maturity value after 5 years?National Savings Certificate provides a secure investment option. With a 7.7% interest rate, a Rs 1 lakh investment grows to over Rs 1.44 l...
- Coping with a parent’s loss: A 7-step financial checklist every family should follow
- Sebi eases nomination rules for demat accounts, mutual funds. Check full detailsSEBI has relaxed nomination norms for demat accounts and mutual funds starting September 1, 2026. Nomination is mandatory for single holder...
- Banks seek RBI guidance as multiple nominations create claim settlement hurdlesBanks are facing difficulties settling claims when multiple people are nominated on accounts. This is causing operational problems for fina...
- Claiming your inheritance by executing a Will: What legal heirs must know about nominees, probate and asset transfersExecuting a Will in India is often more complex than believed, involving numerous institutions and documentation hurdles. Nominees do not a...
- No Will, no nominee, no problem: A step-by-step guide to legally claim your grandparent's fixed deposit
- Named your nominee? They may not be the heir; here's who actually gets your money
- Bank didn’t believe the account holder was dead, so this Odisha man came back with his dead sister's skeletonA bizarre incident from Odisha’s Keonjhar district has gone viral after a tribal man reportedly exhumed his deceased sister’s skeleton and ...
- No nomination in mutual fund or demat account? Here’s how legal heirs can claim investmentsNot having a nominee in mutual funds or demat accounts doesn’t mean your investments are lost—but it can make access difficult for your fam...
- Nominee vs legal heir: Know who really inherits your moneyAs you embark on the journey of safeguarding your finances through insurance and bank accounts, appointing a nominee is a common practice. ...
- Sebi's tweak on capital gains simplifies securities transfer from nominee to legal heir. Check detailsSebi has simplified the process of transferring securities from nominees to legal heirs by introducing a standard reason code ‘TLH’. Effect...
- Nominee vs Legal Heir: Who gets insurance money after death? Here's what Indian law saysNominees are appointed to receive funds upon someone's death, but they do not get to become ultimate beneficiaries of the same. While succe...
- New SEBI rule: Revamped mutual fund and demat account nomination rules come into effect from today; things you need to knowSEBI nomination rules: Revamped nomination rules for mutual fund and demat account comes into effect from today i.e. March 1, 2025. These r...
- Public Provident Fund: How nominees, legal heirs can claim a PPF account on death of the subscriberPublic Provident Fund is a popular long-term savings scheme offering tax benefits and attractive interest rates. Here’s how nominees or leg...
- How to pick the right nominee for life insurance, bank account, PPF, EPF, mutual funds, stocksWhile a nominee is only a custodian of your assets, choosing the right one can ensure that your legal heirs get their inheritance rightly a...
- NPS death claim: Making NPS death claim when there is no nomination or invalid nominationIn the event of a Subscriber's death, her pension wealth shall be distributed among her nominees or legal heirs, as the case may be
- Wrong nominee and right nominee for bank A/cs, FDs, mutual funds, financial assetsIt is known that one should nominate someone to receive the bank account money, fixed deposits, other financial assets after the death of a...
- Nominating a kin for life insurance? Know the new rulesThe new Insurance (Amendment) Act has made the process of nomination simpler. Now the chances of a dispute in the event of the policyholder...
- Policy holders must draw up wills to skip legal wranglesA nominee of an insurance policy is only a trustee of the sum assured, not the sole claimant, so says insurance companies in both life and ...
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