Whether it’s a trip to your favourite picnic spot or you are travelling to meet family, with your car on your side, you can be sure you will enjoy the travel as much as the destination. Having a car means travelling in comfort with your family. It gives you a sense of safety and also the freedom to travel at your pace and enjoy to the fullest.

But ever imagined what can happen if your car is not insured. How suddenly a secure and happy travel plan can instantly become stressful. To avoid such a scenario, it is important to purchase and renew your car insurance in time. 

While one cannot deny the flexibility and comfort that your car gives you, it is also equally prone to accidents. Given the increase in traffic over time and the bad road conditions, it comes as no surprise that road accidents are on the rise. With this in mind, not only should you take insurance without fail, but also make sure you have all the essential elements covered including selecting a nominee. 

A nominee refers to a person assigned by the policyholder to get the claim or compensation of an insurance policy in case of unfortunate death of the policyholder. It is always advisable to declare a nominee to enable a smooth claim process. 

So who can you assign as a nominee in your car insurance policy. Are there any thumb rules to follow or anything that needs to be considered before we choose, let’s find out. 

As per Section 39 of the Insurance Act, 1938, the policyholder has the authority to assign nominee in his car insurance plan. In general practice, people usually assign their spouse, siblings, parents or children as nominees. As such there are no rules specifying who can or cannot be a nominee, it is however essential to have a family member. In case a nominee is not specifically appointed for some reason, it is the legal heir or next of kin who will receive the claim/ compensation. Once you assign a nominee, you still have the flexibility to change your nominee while renewing or at any point in time during the policy tenure. 

How to add a nominee to your policy

With evolution of technology and customer friendly apps coming into the picture, buying and maintaining your insurance policies is becoming increasingly simple. If you have purchased your car insurance from the Bajaj Finserv App, then you can add or change your nominee for your car insurance policy in just a few simple steps. If you have skipped assigning a nominee for some reason or want to change your nominee, make sure to do so on your insurer’s app or website as the case maybe. Because, assigning a nominee is as important as buying insurance.

Anywhere, Anytime insurance with the Bajaj Finserv App

The Bajaj Finserv App is a high utility App that takes care of all your financial needs including insurance. On the app, you can explore car insurance plans from our trusted partners. Here you can view product features, compare prices and purchase a plan that is best suited to your needs. In fact, even after you have made the purchase, the Bajaj Finserv App lets you access your policy at any time and also make necessary changes as and when needed. All this in a matter of minutes and from the comfort of your home. It truly is becoming the new way to buy insurance. 


Leave A Reply