CAPCRE SERVICES PRIVATE LIMITED
AMFI REGISTERED MF DISTRIBUTOR
Date of initial registration: 17-09-2019
AMFI registration number: ARN-166314
Current validity of ARN: 16-09-2025

FAQs

Life Insurance

23 Jan 2003

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If your intention is that your policy monies should go to a particular person only then you need to assign the policy in that person's favour. Thereafter the insurer will pay the policy monies ONLY to the assignee who becomes its owner, irrespective of whether he or she is your legal heir.

Thanks to assignments, the proceeds of a policy can be protected against the claims of any of the policyholder's creditors. Assignment is a legal instrument and the insurer cannot be held responsible for its legal liability. The insurer will nevertheless register the assignment in its books.

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