The Married Women's Property Act, 1874: Provision Related To Insurance Proceeds

FCS Deepak Pratap Singh | Last updated: 11 June 2022

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The Married Women's Property Act (MWP) of 1874, specifically Section 6, offers a vital way to protect life insurance proceeds from creditors. By taking out a policy under the MWP Act, you ensure that the benefits go directly to your wife and/or children, rather than being claimed by creditors in case of insolvency or your demise. This simple and inexpensive process safeguards your family's financial future.

As you are aware the importance of insurance in our life. Every person to some extent requires insurance to protect him and his family from financial loss in case injury, damage or destruction. Life insurance Policies /Term Insurance Policies are long-term policies and benefit-based policies. Genera

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About the Author

FCS Deepak Pratap Singh

Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.)

Dear Friends, MyselfFCSDeepak P. Singh ( B.Sc.. LLB, FCS. FIII, CIAFP, CRMP, ID) , A Fellow Member of ICSI, Law Graduate ,Fellow Member of Insurance Institute of India, Certified Independent Director ,Certified Insurance Anti Fraud Professional , Certified Risk Governance Professional ( ICSI-III) and cleared Limited I ... Read more

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