https://www.taxtmi.com/caselaws?id=168427 A nomination under Section 39(6) of the Insurance Act creates only a right to receive policy money from the insurer; it does not transfer beneficial ownership to the nominee. The insured retains control over the policy, including power to alter the nomination, assign the policy, or dispose of it by will, so the proceeds remain part of the insured's estate. A policy is protected under Section 6 of the Married Women's Property Act only where it is expressed on its face to be for the wife or wife and children as a trust; a mere nomination does not create that protection. The proceeds were therefore attachable in execution. en-us Fri, 13 Jan 1956 00:00:00 +0530 Fri, 27 Feb 2015 17:17:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168427 A nomination under Section 39(6) of the Insurance Act creates only a right to receive policy money from the insurer; it does not transfer beneficial ownership to the nominee. The insured retains control over the policy, including power to alter the nomination, assign the policy, or dispose of it by will, so the proceeds remain part of the insured's estate. A policy is protected under Section 6 of the Married Women's Property Act only where it is expressed on its face to be for the wife or wife and children as a trust; a mere nomination does not create that protection. The proceeds were therefore attachable in execution. Case-Laws Indian Laws Fri, 13 Jan 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168427