Nilotpal.2012 (Student) 30 November 2012
If a person nominate his wife as nominee in case of his LIC Policies , then after death of that person who will be the owner of LIC Policies amount ?
whether Hindu Succession Act is applicable in this case ?
If the mother of deceased filed a Civil Case in Civil Court for receiving the share amount , then what will be the result ?
Advocate Bhartesh goyal (advocate) 01 December 2012
Role of nominee is to collect the money/ amount from bank ,insurance company and other govt,semi Govt and corporations and distribute the same to legal heirs of deceased.In your case mother is also entitled to get her share as per Hindu Sucsession Act.Nominee can not retain the policy amount.
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