The policyholder is the person or organisation that owns an insurance policy and normally takes responsibility for paying its premium. The policyholder can often request changes, subject to contractual restrictions. This person is not necessarily the insured person or the beneficiary who receives a payment.
For example, a Nepal-based employer may hold group insurance covering employees, while a parent may purchase life insurance covering a child. Knowing who controls the contract matters when changing a nominee, seeking cancellation, or collecting a surrender value. Ownership rights depend on the policy and applicable law.