Angel One - Share Market Trading and Stock Broking
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

Insurance Policy

Understand the meaning and definition of Insurance Policy in the context of stock market, trading, and investments.

MORE
Positive act

Understand the meaning and definition of Positive act in the context of stock market, trading, and investments.

MORE
Involuntary coverage

Understand the meaning and definition of Involuntary coverage in the context of stock market, trading, and investments.

MORE
Precertification

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

MORE
Enterprise risk management

Understand the meaning and definition of Enterprise risk management 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