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Husband took corporate insurance policy who will receive the amount
12-Apr-2023 (In Insurance Law)
My husband took a insurance policy many years back it was a corporate insurance policy. My husband nominated his brother as nominee now after the amendment of insurance act. Immediate legal heir are liable to get the policy money. I want to know whether this is applicable or husband's brother will only get the amount
In case of a nominee mentioned in the insurance policy, the nominee will have the first right over the money received from the money received from the insurance company.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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