Nominated Beneficiaries
In the event that a member passes away before reaching 55 years of age, nominated beneficiaries of the deceased member are entitled to withdraw the balance of the deceased's VNPF savings and claim the Special Death Benefit.
Under the current regulations, nominated beneficiaries will receive a maximum payment of VT230,000. This entitlement is only paid if the deceased member contributed to the Special Death Benefit Scheme during each of the preceding five years. If the deceased member did not contribute to the Special Death Benefit Scheme during part of the preceding five years, a percentage deduction will be made from the maximum amount for every year of non-payment. In addition to the Special Death Benefit, nominees are also entitled to withdraw the balance of the deceased member's savings account.
To claim the Special Death Benefit, the nominated beneficiary must fill out a Death Claim form, which entitles the beneficiary to the balance of the deceased's VNPFN savings as well as the Special Death Benefit. If you would like to nominate or change your nominated beneficiary, click here to fill out the form and submit at any VNPF branch.
Under the current regulations, nominated beneficiaries will receive a maximum payment of VT230,000. This entitlement is only paid if the deceased member contributed to the Special Death Benefit Scheme during each of the preceding five years. If the deceased member did not contribute to the Special Death Benefit Scheme during part of the preceding five years, a percentage deduction will be made from the maximum amount for every year of non-payment. In addition to the Special Death Benefit, nominees are also entitled to withdraw the balance of the deceased member's savings account.
To claim the Special Death Benefit, the nominated beneficiary must fill out a Death Claim form, which entitles the beneficiary to the balance of the deceased's VNPFN savings as well as the Special Death Benefit. If you would like to nominate or change your nominated beneficiary, click here to fill out the form and submit at any VNPF branch.