Question

How can a nomination be cancelled or changed?

a.

By sending an email to the insurer.

b.

By making an oral request to the insurer.

c.

By endorsing the cancellation or change on the policy or through a further endorsement or a will.

d.

By notifying the insurer through a social media platform.

Posted under IC 14 Regulations of Insurance Business

Answer: (c).By endorsing the cancellation or change on the policy or through a further endorsement or a will. Explanation:A nomination may be cancelled or changed by an endorsement on the policy, a further endorsement, or a will.

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Q. How can a nomination be cancelled or changed?
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