- A beneficiary is a person or persons who will receive the benefits from the policy on the death of the insured person. The main member can change the beneficiary details by submitting the information in writing to Guardrisk Life Limited.
- To ensure an efficient claims payment process, minor children cannot be nominated as beneficiaries on this policy.
- If the main member passes away, then the nominated beneficiary or beneficiaries will receive the benefits.
What is a beneficiary? Print
Modified on: Tue, 31 Oct, 2023 at 1:46 PM
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