MWP Act in Insurance: Secure Your Family’s Financial Future
AI OVERVIEW The Married Women’s Property Act, 1874 (MWP Act) lets a life insurance policy be ring-fenced for a spouse and/or children. Under Section 6, a policy taken by a married man for the benefit of his wife and/or children creates a trust in their favour: the proceeds don’t form part of his estate and […]
Maternity Coverage in Health Insurance: A Complete Guide to Safe and Secure Pregnancy Planning
AI OVERVIEW Maternity coverage in health insurance pays for childbirth-related costs: normal or C-section delivery, often pre- and postnatal care, and sometimes newborn care and complications. It is not automatic. Under IRDAI’s standardised exclusions, maternity expenses are excluded by default (except ectopic pregnancy) unless the policy specifically covers them through a built-in benefit, an add-on, […]
