Give their specific names and particulars existing at that moment. Do not specify the shares of the nominees. This will not be treated as valid. If the nominee is a minor, appoint a person who is a major as an appointee giving his full name, age, address and relationship to the nominee. Signature of Appointee as token of consent are necessary on the proposal form.
Moneys are payable to the survivor on the first death.
A nomination can be effected jointly for nominating a person to receive the policy moneys in case both the lives assured die simultaneously. Under Jeevan Sathi Policy Both the lives can nominate a person as the nominee which will not be cancelled on the death of one of the co-lives. No nomination can be made by the proposer. When the policy vests in the life-assured on his becoming major he can make the nomination. No nomination is valid.