Legal Question in Insurance Law in India
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?
Asked on 11/19/09, 2:43 am
1 Answer from Attorneys
Seshadri Srinivasan
www.lawconcern.com
Policy will have to be read to advice.
Answered on 11/19/09, 5:17 am
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