Karnataka HC: If heirs claim insurance payout, nominee must share | India News – The Times of India
BENGALURU: The nominee in an insurance policy needs to share insurance benefits with the insured person’s legal heirs if they raise a claim, Dharwad bench of Karnataka HC ruled. Amended section 39 of Insurance Act governing nominations is not intended to override provisions of laws relating to succession like Hindu Succession Act-1956, Justice Anant Ramanath…