Assurance benefit nomination governs payment, while murder-related charges suspend entitlement until criminal proceedings conclude. Assurance benefit is payable to the provident fund nominee. If no nomination exists or it covers only part of the amount, the whole amount or uncovered ... Summary
Assurance benefit nomination governs payment, while murder-related charges suspend entitlement until criminal proceedings conclude.
Assurance benefit is payable to the provident fund nominee. If no nomination exists or it covers only part of the amount, the whole amount or uncovered balance is payable equally to family members; otherwise, it is payable to the legally entitled person. A claimant charged with murdering or abetting the murder of the member is suspended pending criminal proceedings. Conviction disqualifies the claimant, while acquittal permits payment. A posthumous child born alive is treated as a surviving child.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.