Скачать или смотреть This Mistake Can Cost Your Family Their Term Insurance Money | Nominee vs Assignee | Ditto Insurance

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When people buy a term insurance policy, they often focus on the big things — the sum assured, the premium, the riders. But the fine print around nomination and assignment can decide whether your family smoothly gets the payout… or ends up stuck in a legal dispute.

In this video, we break down the difference between nomination in term insurance and assignment in term insurance, when to use each, and the hidden legal traps most people don’t realise exist. You’ll learn:

Who can be a nominee in a term insurance plan — and why not all nominees are equal under the law.
How beneficial nominee rules work after the 2015 Insurance Act amendment.
What happens if your nominee is a minor and why you must appoint a guardian (appointee).
Why assignment transfers ownership of the policy entirely, and how it overrides the nominee’s rights.
The difference between absolute and conditional assignment — and when each is used.

If you’re still unsure whether you’ve set up your term insurance correctly, we can help. Our team at Ditto will review your existing policy, explain your current nomination or assignment setup, and guide you on changes that keep your family protected. It’s completely free: https://joinditto.in/

We also share real-world scenarios:

A policyholder who named a nominee but didn’t update after marriage — causing the payout to go to an unintended person.
How assigning your policy to a bank as loan collateral can leave your family with nothing if you pass away before repayment.
Why having multiple nominees without clear share percentages can cause claim delays.
How a simple will can resolve most nomination disputes — but so few people actually register one.

Whether you’re buying the best term insurance in India for 2025 or reviewing an old plan, understanding these legal tools is just as important as picking the right insurer. The wrong setup can nullify the whole purpose of term insurance — protecting your loved ones financially.

In the end, term insurance is about more than just low premiums and high cover. It’s about ensuring your family actually receives the money — quickly, without disputes, and in line with your wishes. That’s what proper nomination and assignment planning achieves.

If you want complete clarity on your own term insurance — including nominee setup, assignment implications, and insurer reliability — book a free call with us at Ditto. Rated 4.9/5 by over 14,000 Indians, backed by Zerodha, and trusted by 3 lakh+ families: https://ditto.sh/s0lk7h

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