Beneficiary nomination is crucial in ensuring that the intended recipients receive the policy benefits according to the policyholder’s wishes. While it is not compulsory to make a nomination, doing so will allow beneficiaries to receive the payout without any unnecessary delays or potential conflicts.
From Mar 15 onwards, policyholders of Prudential Singapore are able to nominate their beneficiaries online. Prudential is the first insurer in Singapore to roll out an online nomination of beneficiaries (online NOB) service using Sign with Singpass, which makes it easy and more convenient for policyholders to nominate their beneficiaries.
Previously, Prudential policyholders had to submit a hard copy of their nomination forms to Prudential via post or in person at the customer service centre. With online NOB, they now have the option to submit their nomination forms and electronic signatures online.
