User:Neha.enest

What is Beneficiary? Overview A beneficiary can be anyone — a person or organization, which is designated to receive the proceeds of the insurance policy when there, is a claim. In other words, Beneficiary is nominee in this case. Beneficiary's benefits can be assigned to the following: •	Life Insurance •	Critical Illness Insurance •	Accident Insurance Types of Insurance Beneficiary •	Individual: Individual can be anyone (family member or anyone else). •	Trust: Any Trust can be selected for Beneficiary benefits. •	Charity: Charity can also be selected for Beneficiary benefits.