mentioning of nominee in life insuarnce proposal of huf

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S S Dahale (Querist)
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04 May 2016 When IRDA has made mandatory to mention name of nominee ( either minor or major) in all life insurance policies , In case of life insurance policies as proposed by HUF ( considered being as an entity not a different person, as per IT act and rules) through its Karta, query is Why all life insurance companies, are declining to mention name of nominees (though mentioned by proposer -Karta of HUF in proposal form) in the Insurance policy.

S S Dahale

S S Dahale (Querist)
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04 May 2016 My contention is that, Karta of HUF as a proposer of that life insurance policy can nominate , any one (either coparcner or member of that HUF only) , as nominee for life insurance policy.
preoragtive either to continue / close that HUF after demise of Karta will be to surviving coparcner / member.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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20 October 2021 That is correct. But now the point is rectified.

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mentioning of nominee in life insuarnce proposal of huf

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