Nominee in Health Insurance

A nominee is a person that you as a policyholder choose to receive the benefits of your health insurance plan in case of an unfortunate event. When you purchase a health insurance plan, it’s important that you pick a trusty party to be your health insurance plan’s nominee. Although appointing a nominee in health insurance is not mandatory, it is highly recommended. 

Typically, a nominee is a close family member or friend. In case there is no nominee in health insurance, the claim will be paid out to the natural heir.

The concept of picking a nominee for your health insurance comes with a lot of restrictions. Here’s who you can select:

• Spouse

• Parents

• Children

• Friends

• Distant relatives

You can also nominate a minor (someone below the age of 18). However, since a minor cannot manage the claim amount, you might also have to mention the details of their guardian. In case the nominee passes away before you, the claim amount shall be transferred to your legal heir (s).

Adding a nominee in a health insurance plan is very easy. In fact, you can do it at the time of purchase itself. All that you have to do is fill in the necessary details of the nominee in the relevant section of the health insurance application form and submit the same to the service provider.

However, since the assignment of a nominee is not mandatory, many individuals skip assigning one at the time of purchase. In that case, you don’t have to worry; you can still assign a health insurance nominee. To do so, you would have to obtain a nomination form from your insurance service provider, fill it up, and submit the same.

Here’s the process for nominee health insurance claims:

• Step 1: The nominee must inform the insurance company about your demise with a valid succession and death certificate. In case of accidental death, a copy of the FIR and postmortem report must also be furnished.

• Step 2: The nominee then has to send any required documents like health records, relationship proof, and medical bills to the insurer within 30 days. They shall reach out to the nominee in case of any additional requirements.

• Step 3: Once the documents are verified, your insurer will transfer the claim amount to the nominee’s bank account.

Now that you know the importance of assigning a nominee in health insurance, make sure that you do it as soon as possible, if you haven't already. This will make it easier for your loved ones to claim the benefits under the health insurance plan after your demise. So, head over to our ‘health insurance’ section and get yourself a comprehensive health cover now!