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Nomination | Health Insurance

Nomination | Health Insurance Deepak, Why is it necessary to nominate in a health Insurance policy ?
I can understand in Life Insurance, in Mutualfunds in Bank Deposits, but in health Insurance I will get reimbursement of my hospitalization expenses.

Well, consider this, If you get hospitalized for an extended period and you don't recover and pass away, who should get the reimbursement of the expenses incurred in your treatment ?
That is why it's extremely important to have nomination in your health Insurance policy just like it's done in all other investments !

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