Nominations can be changed by cancelling existing ones and making new ones. After marriage, one can change a nomination to include wife and children. In the unfortunate event of demise of a male earning member, nomination may be made in favour of all the dependents such as wife, minor children and parents etc. by specifying a ratio.

An individual who has a complaint pending with any life insurance or general insurance company for more than a month can approach the insurance ombudsman. Complaint may be lodged by writing a letter to the Insurance Ombudsman under whose jurisdiction the branch or office of the insurer is located.

The objective of using a risk profiler is to ensure that the asset allocation of an investor is based on the risk preference. However, basing it completely on the profiler may be erroneous as it ignores one's return preferences. Also, it fails to differentiate between the ability and the willingness to take risks.

Trigger option is a facility offered by mutual funds to partially or complete redeem investments by specifying certain limits. A trigger when activated results in a transaction on which applicable charges will be imposed. As the conditions are pre-specififed, it eliminates the need for the investor to act on the happening of an event.

A Delivery Instruction Slip is used by sellers of securities to instruct their depository participant to debit their demat account. All details of the securities being sold should be completed correctly in the DIS. It must be signed by all account holders and submitted according to the deadlines prescribed by the DP.