Louisbritto
Sales Trainer, Leadership & Life Skills
Pon1965
Construction
Vivian Chandrashekar
Aast. Gen. Manager-hr
Kirti Kushwah
Hr Executive
+6 Others

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respected members,
before my marriage my husband taken one LIC policy in 2009 worth 18lakhs, and he kept his father as nominee.And we got married(love) IN 2013,and we registered our marriage.ofcourse my parents and his parents also attended the marriage.NOW I AM 5 MONTHS PREGNANT.now i asked my husband about change of nominee name. And because of his mother influence , he is not interested to change me as his policy nominee.Suppose if some unfortunate things may happen to him, then 1. AM I ELIGIBLE TO GET THE DEATH BENEFITS?
2.WHO WILL GET THE BENEFITS?
3.LEGALLY MY FATHER-IN-LAW IS TRUSTEE TO THE BENEFITS. HE IS SELFISH, THERE IS NO GUARANTEE THAT HE WILL NOT GIVE THE BENEFITS TO ME.HOW CAN I PROCEED

Upon marriage, the legal heir is wife. No worry. Don’t expect/think the unfortunate events when a person is alive. Pon
Dear Member,
In my opinion, you can also download policy guidelines of LIC online relating to " Nominee" after acquiring of family. I think, such guidelines/instructions may be available on website of LIC.
You can also get some idea from any LIC agent working around your office/locality.

Dear
Without getting into your specific question let me put it like this.
The meaning of nominee - is nothing but in case of death of insurer, the person who is declared as nominee will get the benefit.
You can draw conclusion who will get benefit.
According to you, now you are not the nominee and when such question arise you need to prove that you are the legal heir by producing your marriage certificate and change to your name.

Dear Member,
As per the my experience with LIC, only nominee will get the the benefits in all situations.
You can convince to your husband and in laws to make your child nominee after few months instead of you and your father in laws & in that case i don't think your in laws will not accept your proposal.
@ PON,,,,,,,,Upon marriage, the legal heir is wife. No worry.
If you can share some more details on your contribution, then it will be good..

Nominee is only collector on behalf of all legal heirs and he/she is bound to reimburse the legal heirs of Policy holder after collecting the amount.If nominee does not reimburse, the LRS entitled for share may file case against him thereby seeking directions to reimburse.
Prithvi Raj Sikka Advocate
lawjuris09@gmail.com
+91-9811054562

Section 39 of the Insurance Act says the appointed nominee will be paid, though he/she may not be the legal heir. The nominee, in turn, is supposed to hold the proceeds in trust and the legal heir can claim the money. Similarly, Reserve Bank of India (RBI) guidelines specify the deceased’s nominee would receive the money in the capacity of a trustee of the legal heirs.
Read here for more
A nominee is not a legal heir | Business Standard

The Supreme Court stated, "A mere nomination made under Section 39 does not confer on the nominee any beneficial interest in the amount payable under the life insurance policies on the death of the insured." The amount, however, can be claimed by the heirs of the assured in accordance with the law of succession governing them.
Will a nominee inherit your assets? - Economic Times

he says that only nominee will.get the benfit if incase u want.the benifot u have to.chamge the nominee or else take a new.LIC policy in ur nominee name.
If something happens to your husband then the monies will surely go to your father in law.
However, as a wife, if you are still claiming the funds then you would have to fight it out in a court of law.
Also, please dont worry about nominee money, times and relationships change with love and respect.


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