You buy insurance thinking your wife & kids are safe. Reality? They might not get a single rupee.
Unless you use this 150 year old law that makes the payout 100% untouchable
Unless you use this 150 year old law that makes the payout 100% untouchable
There’s a forgotten 1874 law that turns your life insurance into a fortress.
This law is called the Married Women’s Property Act, 1874 (MWP Act).
If you buy a life insurance policy under this act:
The money is legally locked for your wife & children only.
No bank.
No creditor.
No relative.
Not even you can touch it.
This law is called the Married Women’s Property Act, 1874 (MWP Act).
If you buy a life insurance policy under this act:
The money is legally locked for your wife & children only.
No bank.
No creditor.
No relative.
Not even you can touch it.
How it works 👇
• When you take a life insurance policy, you can endorse it under MWP Act.
• The policy becomes a trust in favor of your wife/children.
• On your death, the entire sum assured goes directly to them.
• When you take a life insurance policy, you can endorse it under MWP Act.
• The policy becomes a trust in favor of your wife/children.
• On your death, the entire sum assured goes directly to them.
Who can be beneficiaries?
✔️ Wife alone
✔️ Child/children alone
✔️ Wife + children together
Nobody else.
✔️ Wife alone
✔️ Child/children alone
✔️ Wife + children together
Nobody else.
Why is this so powerful?
• Creditors can’t attach the money even if you had loans.
• Business losses, bankruptcy, disputes → don’t matter.
• Even your extended family (in-laws, relatives) have zero claim.
• Creditors can’t attach the money even if you had loans.
• Business losses, bankruptcy, disputes → don’t matter.
• Even your extended family (in-laws, relatives) have zero claim.
⚠️ Most people don’t know:
Your “nominee” is just a trustee.
Nominee ≠ final owner.
Without MWP Act, insurance money can be contested.
With MWP Act, it’s airtight.
Your “nominee” is just a trustee.
Nominee ≠ final owner.
Without MWP Act, insurance money can be contested.
With MWP Act, it’s airtight.
Example:
A businessman buys a ₹1 Cr term plan under MWP Act.
He later defaults on ₹50L loan.(Home loan,Auto Loan , Personal Loan) Any loan.
On his death, bank attaches all his assets.
But the insurance company must give full ₹1 Cr to his wife/kids.
Bank gets ₹0.
A businessman buys a ₹1 Cr term plan under MWP Act.
He later defaults on ₹50L loan.(Home loan,Auto Loan , Personal Loan) Any loan.
On his death, bank attaches all his assets.
But the insurance company must give full ₹1 Cr to his wife/kids.
Bank gets ₹0.
Important:
• You must add MWP clause while buying the policy.
• Cannot add it later.
• Applies to married men (salaried, self-employed, businessmen).
• You must add MWP clause while buying the policy.
• Cannot add it later.
• Applies to married men (salaried, self-employed, businessmen).
So, if you’re married & taking insurance, ask your agent or insurer:
👉 “Endorse policy under MWP Act, 1874.”
One small tickbox = lifetime protection for your family.
👉 “Endorse policy under MWP Act, 1874.”
One small tickbox = lifetime protection for your family.
99% of Indians don’t know this simple hack.
RT this thread it may secure someone’s family forever.
Is your current term insurance under MWP Act? Comment Below
Follow @ValueWithPrem for more Asset Protection Insights.
RT this thread it may secure someone’s family forever.
Is your current term insurance under MWP Act? Comment Below
Follow @ValueWithPrem for more Asset Protection Insights.
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