Who receives the sum insured if the insured passes away in case of a life insurance?

Who receives the sum insured if the insured passes away in case of a life insurance?

If the insured person passes away during the tenure of the policy, life insurance payouts typically include death benefits paid to the specified nominee. On the other hand, if the policyholder survives the tenure of the plan, the insurer pays out maturity benefits and bonuses, if applicable, to the insured.