Legal Question in Insurance Law in India

Re: Nominy powerfull or Wife

The benefit will go to the legal heirs i.e. wife; however, the nominee may collect the dues and deliver to the beneficiary.

The role of nominee is like that of a guardian; the nominee is not entitled to retain anything unless he has otherwise any legal right to the money / property of the deceased.

Re: Nominy powerfull or Wife

Nominee is the person entitled to receive the benefit but not own it. The concept of Nomination is only to ease receipt of the benefits without dificulty and does not give any right or ownership over it. Therefore wife being legal heir of the decease will be legally entitle to the benefit subject to other conditions like religion, will etc.

may clarify further at [email protected]

Re: Nominy powerfull or Wife

It is the nominee who would be entitled to the benefit since that would be your desire which you made before the insurance company prior to your death. The insurance company has no choice. It goes without saying that you may change the nomination as many times as you desire but communicate to the insurance company about the change.

Vishwa Arya

Re: Nominy powerfull or Wife

Nominee just receives money but only for legal heirs.