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Insurance Law

Querist : Anonymous (Querist) 02 June 2011 This query is : Resolved
A policy has matured.Policy holder is misplaced from 2 years. A general power of attorney is executed by policy holder regarding his deposits in various company which is attested by Notary Public.Now the POA Holder wants to withdraw the policy amount.Can he claim that amount on behalf of above Power Of Attorney?

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Devajyoti Barman (Expert) 03 June 2011
The bank may not allow the constituted attorney to withdraw the money lying with it.

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