Yes, assignment of policy is allowed. To assign the policy, the policyholder has to notify the company. Assignment has the effect of nullifying the nomination in the policy. Assignment is not permitted in case of retirement plans.
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By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
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