Nomination rights allow pension fund subscribers to appoint or replace beneficiaries entitled to accumulated corpus upon death. Every Subscriber may designate one or more persons to receive the accumulated corpus upon the Subscriber's death and may change an existing nomination. ... Summary
Nomination rights allow pension fund subscribers to appoint or replace beneficiaries entitled to accumulated corpus upon death.
Every Subscriber may designate one or more persons to receive the accumulated corpus upon the Subscriber's death and may change an existing nomination. Nominated recipients may therefore be revised, and payment of the accumulated corpus is made to the person or persons nominated by the Subscriber upon the Subscriber's death.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.