https://www.taxtmi.com/caselaws?id=289261 An actionable claim, including the right to money payable under an insurance policy, can be transferred only by a written instrument signed by the transferor or authorised agent. Mere deposit of the policy without writing does not create any enforceable charge, interest, or transfer in the policy or its proceeds, whether the arrangement is intended as security or an absolute transfer. A valid written assignment, however, operates to vest the transferor's rights in the transferee and entitles the transferee to the proceeds. en-us Thu, 21 Nov 1912 00:00:00 +0530 Thu, 23 Jul 2020 11:59:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289261 An actionable claim, including the right to money payable under an insurance policy, can be transferred only by a written instrument signed by the transferor or authorised agent. Mere deposit of the policy without writing does not create any enforceable charge, interest, or transfer in the policy or its proceeds, whether the arrangement is intended as security or an absolute transfer. A valid written assignment, however, operates to vest the transferor's rights in the transferee and entitles the transferee to the proceeds. Case-Laws Indian Laws Thu, 21 Nov 1912 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289261