https://www.taxtmi.com/caselaws?id=168427 The court held that the insurance moneys payable to the nominee do not form part of the estate of the deceased judgment-debtor and are not attachable for satisfying the decree against him. The nominee does not become the owner of the money under the policy, as the nomination only designates the recipient without conferring ownership rights. Section 39(6) of the Insurance Act, 1938 facilitates payment to the nominee but does not affect ownership. The insurance moneys belong to the estate of the assured, and the application was dismissed, with costs added to the respondent's execution of the decree. 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 The court held that the insurance moneys payable to the nominee do not form part of the estate of the deceased judgment-debtor and are not attachable for satisfying the decree against him. The nominee does not become the owner of the money under the policy, as the nomination only designates the recipient without conferring ownership rights. Section 39(6) of the Insurance Act, 1938 facilitates payment to the nominee but does not affect ownership. The insurance moneys belong to the estate of the assured, and the application was dismissed, with costs added to the respondent's execution of the decree. Case-Laws Indian Laws Fri, 13 Jan 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168427