Dear Sir/Madam,
Please advice in following case.
Background -
For a individual in any insurance policy, Mutual fund, new pension scheme - NPS, or bank FD, gratuity
he/she can nominate two or max three family members with their % of share, not more than that.
But due to some tragedy policy holder & his all 2/3 nominee will pass away at same time or after 2/3 days in that sad attack then how other remaining family member will clam / access the fund in that too such hard & tragic situation.
Some way are available in above case like Court procedure for obtaining legal heir certificate, but it will take time & its very hard to work after such tragic death incidence.
Question –
1
Its not possible that policy holder can make a letter like legal heir certificate when he is alive.
In that certificate he can mention 5 to 6 nomination (with who will survive clause & equal distribution of fund) and this letter will common for all places specially insurance, NPS, Bank & funds.
I aware WILL can do this work but it is very in detail. Individual who not have any fix assets like car, house, plot but only have MF, Policy, FD can find its very useful & easy. Such legal document can able to prepare.
2
Why this bank, NPS , MF & insurance only gives 2 or 3 nomination option. They can able to give min.
5 – 6 nomination. ??
Please guide
Thank you
Mane
