Job Development Specialist Migration Researching Legal Presentations Indore India
To avoid such a situation, one can buy the policy under Section 6 of the Married Women's Property Act (MWP), which gives special protection to one's wife and children, and prevents creditors from attaching a life insurance policy taken under this Act. For a married, male policyholder, availing a term insurance plan under the Married Women's. Married Women's Property Act 1874 (MWP Act) was created to protect the properties owned by women from relatives, creditors and even from their own. MWP Act: Make sure your dependents get insurance policy proceeds · The wife alone · The child/ children alone (both natural and adopted) · Wife and children. What is the MWP Act? Married Women's Property Act was enacted in 1874.