Policyholder
The person who owns an insurance policy and pays for it.
A policyholder is the person who owns an insurance policy. They pay the premium and can change details like the nominee. IRDAI’s rules on policyholder protection set out their rights, from the free look period to claim deadlines. See how insurance works.
Questions people ask
Who is a policyholder?
The person who owns the insurance policy, pays the premium and can make changes to it, such as updating the nominee.
Is the policyholder always the person insured?
Not always. A parent can own a policy on a child's life, or one person can buy a family health policy. The policyholder owns the policy, the insured is the person covered, and the nominee receives a life claim.
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