is a person appointed by insured as recipient of insurance indemnity or coverage. It is indicated in the policy. In property insurance under the terms of insurance, it is a recipient of insurance indemnity. In personal insurance, if an individual, who is appointed by insured as posthumous beneficiary of insurance amount, isn’t indicated in the policy, such persons may be heirs. If assured is indicated in life insurance policy then in case of death of insured, assured receives insurance or redemption amount regardless of order of succession. It is possible to indicate several assureds with determination of share of payments for each of them (in amount of 100%)