1 vote
Nomination is important and you should ensure you have nominated a person who will be entrusted with your money in case of your death. Without a nomination, if you die, it will be cumbersome for your legal heirs to take control of your investments. By having a nominee, the amount gets transferred directly to him/her in the event of your death and the process is fairly simple, with nominee having to prove identity. You can change the nominee as many times as you wish, by filling the relevant form and changing the nominee.