Succesion
joy
(Querist) 13 November 2010
This query is : Resolved
If Hindu female died along with her husband and their both childern.living heirs of husband and heirs of father and mother.
Now if she have LIc insurance policies in her name having nominee is her mother.and policy was commenced before 2 years of her marriage.
Now as per Suceesion act will section 15 of hindu succesion act mentioned below will applicable or not for this LIc policy property in her name?
or this property of LIC policy is considered as her property only instead of being considered as property inherited by her father.
"Any property inherited by a female Hindu from her father or mother shall devolve, in the absence of any son or daughter of the deceased (including the children of any pre-deceased son or daughter) not upon the other heirs referred to in sub-section (1) in the order specified therein, but upon the heirs of the father"
R.Ramachandran
(Expert) 13 November 2010
I think Section 15(2)(a) or (b) will have no application as the property was neither inherited from father's side or from in-laws side.
Rather, the property will devolve in terms of sectin 15(1) read with the rules contained in Section 16.
