NSE IPO - Apply Online, Check Issue Date, Price, Lot Size & Allotment Status

Apply for NSE IPO:

Skip to main content
Insurance

Contingent Beneficiary

In finance, we often come across the term "secondary beneficiary" or "tertiary beneficiary". These are individuals who are designated to receive the proceeds of a financial asset in the event that the primary beneficiary is no longer alive. Essentially, they serve as a backup plan for the original beneficiary. This concept is important to understand as it ensures that the intended beneficiaries receive the assets in the most efficient and organized manner. It is crucial to carefully consider and designate secondary and tertiary beneficiaries when creating a financial plan.

Related terms

Life Annuity

Understand the meaning and definition of Life Annuity in the context of stock market, trading, and investments.

MORE
Unplanned retention

Understand the meaning and definition of Unplanned retention in the context of stock market, trading, and investments.

MORE
Annuity Certain

Understand the meaning and definition of Annuity Certain in the context of stock market, trading, and investments.

MORE
Mortgage insurance

Understand the meaning and definition of Mortgage insurance in the context of stock market, trading, and investments.

MORE
Direct writers

Understand the meaning and definition of Direct writers in the context of stock market, trading, and investments.

MORE
Long-term care

Understand the meaning and definition of Long-term care in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store

Open Free Demat Account!

Join our 3.8 Cr+ happy customers
+91