The Beneficiary or Nominee is to be declared by the PolicyHolder. They can be immediate family members, spouse / Children / Parent / a friend too. In case if the non family member is declared as nominee, They have to prove their insurable interest to the Insured. A nominee can be changed via a declaration to the Insurer, in case of a death the latest declaration is considered by the Insurer. One can also declare multiple nominees by mentioning the % of the benefit to each nominee.