Locked Investments After Death: Nominate to simplify heir claims.

• Locked-in investments like NPS, PPF, and EPF have specific rules for payout after the investor's death, differing from regular bank accounts.
• A valid and updated nomination significantly simplifies the process of claiming locked-in investments for beneficiaries.
• Without a nominee, institutions require proof of legal heirship, such as a succession certificate or probated Will, leading to potential delays.
• Even with a Will, each locked-in product has unique forms, KYC requirements, and procedures for claiming funds.
• Maintaining current nominations, an asset list, and informing a trusted family member can prevent complications for heirs.

Why It Matters: Proper planning ensures locked-in investments reach heirs smoothly after death.