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    <title>1960 (10) TMI 86 - KERALA HIGH COURT</title>
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    <description>The court interpreted the nomination clause in a life insurance policy, determining that a nominee does not become the owner of the money but has the right to collect it. The court ruled in favor of the appellants, the widow and son of the deceased policyholder, entitling them to share the policy amount equally with the deceased&#039;s mother under the Travancore Nayar Act. The court ordered the respondent to pay the costs to the appellants.</description>
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      <link>https://www.taxtmi.com/caselaws?id=168429</link>
      <description>The court interpreted the nomination clause in a life insurance policy, determining that a nominee does not become the owner of the money but has the right to collect it. The court ruled in favor of the appellants, the widow and son of the deceased policyholder, entitling them to share the policy amount equally with the deceased&#039;s mother under the Travancore Nayar Act. The court ordered the respondent to pay the costs to the appellants.</description>
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