MWP Act In Insurance: Secure Your Family’s Financial Future
Under Section 6 of the Married Women’s Property Act, 1874, a married man can purchase a term insurance policy that instantly creates a statutory trust – legally separating the payout from his personal estate. This means creditors, banks, and courts cannot attach the claim amount, even if the policyholder dies with outstanding loans or business […]
Maternity Coverage in Health Insurance: A Complete Guide to Safe and Secure Pregnancy Planning
Maternity coverage in health insurance reimburses pregnancy-related costs – prenatal consultations, delivery, postnatal care, and newborn treatment – subject to policy sub-limits that typically range from ₹25,000 to ₹1,50,000 depending on the insurer and plan tier. A normal delivery at a private hospital in a Tier-1 Indian city costs ₹80,000-₹1.5 lakh; a C-section commonly costs […]
