India | Insurance Law
11/19/09, 2:43 am
Legal Question
Insurance policy taken on minor live(child) by a proposer (father) does vests to minor on his attaining majority?
Does this change in ownership took place automatically?
Does insurer or proposer are legally binded to effect such change?
Does then propose (owner of policy/father) can object to such change?
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11/19/09, 5:17 am
Legal Answer
Policy will have to be read to advice.
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