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What is nomination?

nomination
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What is nomination?

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Nomination is the process of identifying a person to receive the policy money in the event of the death of the Policyholder.

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Through nomination facility, the depositor may nominate a person to whom ICICI HFC should pay the deposit amount in case of death of the depositor. For availing this facility, you should download & fill the nomination form from link provided in the order book under Fixed Deposit section & send it to ICICI Securities within 7 days of making the application. Nomination form need to be sent at below mentioned address: ICICI HFC FD Operations, ICICI Securities Limited, Shree sawan knowledge park, Ground floor, Plot no. D-507 T.T.C. Industrial area, MIDC Turbhe, Navi Mumbai 400706. Fixed Deposit Receipt (FDR) would only be issued after receipt of the duly filled nomination form.

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Every member has to give the details of himself & details of the nominee for Employees’ Provident Fund & Employees’ Deposit Linked Insurance Schemes and details of family for Employees Pension Scheme, 1995 in form no. 2. A member if, is having a family can nominate any one or more persons to receive the Provident Fund on his death. In case of him having no family he can nominate any other person. Family for the purpose of Employee Provident Fund Scheme’52 means wife/husband, children, whether married or unmarried, including adopted children, if adoption is recognized and dependant parents of member. Employees Deposit Linked Insurance Scheme benefit will be paid to the nominee under Employees Provident Fund Scheme, 1952. For the purpose of Employees Pension Scheme,1995 the member has to furnish the details, such as name, relationship & age of all the family members in the form no. 2. Family for the purpose of Employees Pension Scheme, 1995 means wife/husband & children. Whenever member

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