insurable interest between mother and married daughter

POSTED BY Pushkar Mahadik ON December 21, 2010 7:59 pm ONE COMMENT

Can there be insurable interest between mother and married daughter? To be very specific, mother is widow and retired, only has rental income of say 5 lakh pa proposes a policy and insures her daughter who is married and earning about say 5 lakhs pa. Further, can mother nominate his son-in-law?

One reply on this article “insurable interest between mother and married daughter”

  1. bharat shah says:

    very nice question indeed! some knowledgable should clarify the whole concept of insurable interest, and who could be.

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