Bank Account – What happens if Account holder dies?(Telugu)
What happens to the orphan bank account and who will get the amount in that account once the account holder dies? We all have Bank Accounts with Banks. We do financial Transactions in that account. But what happens to out money after our death? Any idea for you? I will give some inputs in this matter. Whenever there is a sudden demise in someone’s family, there is a panic attack. There is a mourning of losing loved ones and chaos in the family for a few days to weeks, but finally, life comes back to normal later. A few months later, family …
EPF NOMINATION RULES EXPLAINED-How to check and change Nominee details online? (Telugu)
Most of us not Known the importance of “EMPLOYEE PROVIDENT FUND” Nomination. If you do not consider it seriously, then better to understand the EPF Nominee rules and benefits. Then check nomination details and if changes required, then better to do the changes when it is required the changes to be done in the EPF portal. Sub Heading EPF Nomination Rules Explained… What are the EPF Nominee rules? How Many time can we change the nominee? Let us discuss them in detail. Your all EPF accounts must have the nomination in place. This makes easy fund transfer in case of your …
MWP ACT IN LIFE INSURANCE-Benefits?
1) MWP Act DEATH CLAIM BENEFIT : Death Claim Benefit will be paid to wife and children(Life Insurance Nominee) if the life insurance policy was taken under MWP ACT. 2) MWP ACT NOMINEE? In this act endorsed policies wife and children will be nominees. 3) Lenders right over Death Benefit? Lenders can not claim the claim in the courts according to this act lenders cannot claim the amount received from this kind policies. Watch youtube video which I made about this ACT. Also, click this link to read How to do investment planning with the claim amount received by Nominee …
Life Insurance Death Claim- How to invest this Death Claim Amount? (Telugu)
Term Life Insurance covers pure risk only. Term Life Insurance has no bonus and maturity. People are looking for pure risk only these days. A Lic Employee called me over the phone recently. She is a regular visitor of my Paisa Health youtube channel. The Reason is there is a LIfe Insurance Death claim in her family. For Nominee Investing Death claim amount not known… Also, Read the article about EPF nomination benefits and rules… click here to read. What is her need? : Recently her cousin’s son was dead. His age is 30 years. He has a mother and …
