My friend is going to take an online term policy (icici/hdfc) , she wishes to declare her husband as first nominee and her adopted daughter (adoption is not registered, but she is a relative) as 2nd nominee. Can she nominate her adopted daughter though she is not legally adopted ?
You can nominate. But do remember that nomination itself not final. Nominee act like trustee in case of death of policyholder. So, if the legal heirs question the nomination after the death, then the law of legal heirs will come into picture. Finally the money be disbursed as per legal heirs rights. Nomination is not final. Hence, better adopt legally and then nominate.