Life Insurance Policy: Why friends or well-wishers cannot be beneficial nominees
Zee Business Video Team | Updated: October 8, 2024 03:43 PM IST
When a breadwinner purchases a life insurance policy, the primary objective is to safeguard her loved ones from financial hardship in the event of her passing.The life insurance policy is designed to replace the policyholder’s income, ensuring that the family’s regular budget and future aspirations remain intact despite her demise.
