Q & ACategory: Insurancewhat will happen in the event of death if no nominee mentioned in the insurance policy?
Anonymous asked 12 years ago

Dear Sir,
wish to know  if there is no spouse ,children or parents with the insurance policy holder in short he is alone in his life ,and as well no nominee mentioned in the insurance policy form.so then which way the insurance company handles the situation on the event of the death of policy holder .
Also advice can the policy holder nominate a suitable NGO charity to enjoy the policy funds on the event of policy holder ‘s death and advice the path to choose good NGO charity to nominate in the insurance policy.
thanks & regds 
milind…….