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What is mwp in insurance?


Asked By: Saloni Kalla



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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. MWP Act: Make sure your dependents get insurance policy proceeds · The wife alone · The child/ children alone (both natural and adopted) · Wife and children. Any married man can take a life insurance policy under MWP Act. The MWP Act India allows to buy a term insurance that covers the financial needs of your family in case something unfortunate happens.

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