My elder brother was died from heart attack, her wife was nominee in LIC got the claim amount in her bank but now she is not giving any share from her ac, So i want know the procedure how to freeze or stop bank ac
Manoj (Vns) 02 February 2021
My elder brother was died from heart attack, her wife was nominee in LIC got the claim amount in her bank but now she is not giving any share from her ac, So i want know the procedure how to freeze or stop bank ac
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 02 February 2021
Nomination is the process by which the policyholder appoints a person or persons to receive policy benefits in case of a death claim. So in case of an eventuality, the life insurance company pays the policy proceeds to the appointed person - called Nominee.
This provision was introduced in the Insurance Laws (Amendment) Act, 2015. If an immediate family member (parents, or spouse, or children) is made the nominee, then the proceeds will go to the intended person. ... In the absence of a nominee, the legal heir can claim the insurance proceeds
H.JanakiManohar Rao (lawyer) 02 February 2021
Shashi Dhara 02 February 2021
Wife ,mother and children's of deceased are legal heirs.the deceaseds ,mother can file suit for her share.
Manoj (Vns) 02 February 2021
no i am not claiming for any amount but, she was married since 2yrs (no kids) planning to remarry, refusing to give any share to
deceased parents.
Shashi Dhara 03 February 2021
You cannot claim but your mother can claim her share she can issue legal notice ,and file suit
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