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NOMINEES OF DECEASED INDIVIDUALS
Insurance money left unclaimed? How to trace, verify and recover your moneyNearly Rs 8,974 crore in unclaimed insurance funds is lying with insurers due to missing nominees, outdated records, lost documents and lac...- Banks seek RBI guidance as multiple nominations create claim settlement hurdlesBanks are facing difficulties settling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...
- LIC introduces New Jeevan Sathi joint life plans: Check features, guaranteed additions and benefitsLIC new plans 2026: Life Insurance Corporation of India has launched two new joint life insurance savings plans, LIC’s New Jeevan Sathi Sin...
- 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...
- My relative had a joint demat account: Can the nominee be changed after death?ET Wealth Reader's Query: A relative had a joint demat account with his wife, though all the investments were made by him. He had no childr...
- New EPFO rule: Faster death claim settlements, less paperwork; here's what you need to knowGuardianship Certificates will no longer be necessary when settlement funds are deposited directly into the bank accounts of the deceased m...
- Aadhaar deactivation for deceased family member: How can you report death of a relative to UIDAI, prevent any fraudUIDAI has recommended that Aadhaar number holders report the death of their family members on myAadhaar Portal after obtaining their death ...
- 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...
- These SBI death claims can be settled in home branch onlyState Bank of India simplifies death claim settlements. Nominees can file online for savings accounts and fixed deposits. Visit the Decease...
- Unclaimed financial assets to reduce: Good news for nominees as SEBI partners with DigiLocker for smooth access to account of deceasedSEBI has partnered with DigiLocker to allow nominees access to the financial assets of deceased individuals. This initiative will help in e...
- Who can you add as a nominee for your NPS account?NPS subscribers should keep in mind that they should only nominate certain individuals to their NPS account. If you name the wrong nominee,...
- Death claim settlement rules for post office schemes like PPF, Sukanya Samriddhi, NSCThe government has made changes to the process of claiming money from several post office small savings plans in a circular dated August 28...
- How to claim money after death of SBI account holderHere is a look at the process of filing a claim with SBI after the death of an account holder. Before filing the death claim with the SBI, ...
- Inheritance Planning: The differences between US beneficiary & Indian nominee rightsIn the United States and in India, although inheritance laws apply equally to citizens and permanent residents in both countries, there are...
- PNB locker claim settlement: How claims settlement will work after death of locker hirerPNB has a simplified policy and procedure in place to help with the settlement of claims for deposits, locker contents left in the accounts...
- How nominee can access safe deposit locker in bankHere is the procedure to access the bank locker by the nominee in case of death of holder whether held individually or jointly.
- Is nomination enough to ensure inheritance of asset?In 2016, the Bombay High Court laid to rest the position of a nominee versus a legal heir in relation to the shares of an Indian company.
- How to file the IT return of a deceased personOnce an individual passes away, it is the responsibility of his legal representatives to file the deceased’s tax return.
- How securities are transmitted on death of demat account holderIn case a single demat account holder dies leaving a nominee, the procedure for transmission of securities is simple.
- 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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