My father Mr. Prakash was working with SBM, Bangalore and had taken 2 Insuranc

My father Mr. Prakash was working with SBM, Bangalore and
had taken 2 Insurance policies on LIC- Under Salary Savings
Scheme, 2 Insurance Policies on LIC under Accident Benefit
Policy, 1 Insurance Policy on Bajaj Allianz under Accident
Benefit and scheme and has received benefit of about 6
lakhs from Bank as Insurance amount on his death.
He had nominated my step mother (second wife of my father)
as nominee for all the above mentioned, and now she is
refusing to share the benefit among us (my father had
married her after my mother deceased , we are 3 children).
Please suggest whether we get our share… do we have any
rights on Insurance benefits??

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My father Mr. Prakash was working with SBM, Bangalore and had taken 2 Insurance policies on LIC- U..

Answer / Divyendu Singh

In India, when a person has multiple nominees for insurance policies, the nominees have equal rights to the insurance proceeds. Since your father nominated his second wife as the sole nominee for all policies, she is currently entitled to the entire amount. However, you may have a claim if there was a will or property agreements that specified a different distribution of assets. It's advisable to consult with a legal professional in this matter.

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