Life insurance in the name of karta of HUF / member of HUF/ coparcner of HUF

It is said, an individual(or Karta) is sure to die, but not HUF.

That's the reason, RBI has policy, for not nominating HUF. Because HUF is representated by Karta at any time, and Karta as individual may change, but at all the times Kartaship will remain, till HUF exists. Now, even lady member can be Karta. Hope you got my point.

Insurance Companies are correct, for not nominating any proposer in case of HUF; and the HUF need not worry for any loss in case of any untoward happenings.

 Thanks, but that does not RESOLVE concern as mentioned in the QUERY  , it is about a LIC policy, which is on the LIFE of Karta of a HUF-1 st case /  member of a HUF- 2 nd case / Coparcner of a HUF -3 rd case ,

whether HUF is intact  and goes ahead without him(karta) / her ( member)/ him( coparcner) after demise of any one of it , is im-material here ,  see my concern as there are other 2 members of HUF , who can EITHER CLAIM and RECEIVE proceeds of INSURANCE POLICY is the " ONLY CONCERN " , OR as  it is / should be PREDECIDED ONE , that 1 person( as being nominated) of SURVIVING  PERSONS of HUF  get PROCEEDS AMOUNT ,  can other family members like wife of coparcener, brothers / sisters of Karta, other son / daughter ( who are NOT PART of that HUF) can  ask-claim for the AMOUNT of INSURANCE PROCEEDS ?

There is difference between Nominee and benificiary/insured. Let me first know who are beneficiaries/insured in all these three cases, as per policy terms?

 Nominee -benifiacry are the same persons of HUF , like

Do you mean to say that Insured person's details are missing in the Insurance Policy contract? Check policy and reply, please,

  Yes ,  the mention of name of nominee-benificary ( as per propsal form ) is  BLANK , despite ofthe pusual with INSURANCE company,who DECLINED to PUT up the same , as per proposal form , stating that , the Policy is as per HUF (???), in the life of Karta of HUF / memeber of HUF/ and coparcner of HUF, and as per HUF proceeds , claim may / will be  decided..as and if it comes...( as per ICIC Pru life insurance company) and LIC offered to refund the premium paid by HUF to its savings bank account. what BEST RESOURCES are avaialble for HUF to get the name of BENIFICIARY-NOMINEE mentioned in LIC policy

What I can understand from above is that in case of any untowered incidents of the persons (1.karta, 2.wife, & 3. son/daughter) HUF will get the proceeds. Correct me if any different.

 As the INSURANCE company , declined to mention the NAME of NOMINEE / BENIFICAIRY  column of the POLICY DOCUMENT ( all 3 diffrent policies) as proposed by HUF, in the proposal form... it has been kept BLANK...... i feel that is a breach of contract ..... Can a Insurance company  can Do .. keeping the nominee / benificiary details as BLANKlike this for propslaof insurance of HUF ( in name of Karta of HUF / memeber of HUF / Coparcner of HUF)

may i know , to whom this  matter can be sent for redressal to get it RESOLVED, otherwise in the unfortunate circumstances of DEATH of insurer , may I know who can calim ? and get the PROCEEDS of the INSURANCE CLAIM ? can other family members from family will  have claim over it ?