News & Media 8th Mar 2024

How Married Women’s Property (MWP) Act protects financial future of woman using life insurance policies even when nominations fai

Authors

Shailesh Poria Partner | Mumbai

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When buying a term insurance policy, the main aim is to secure the future of your family members in your absence. If you are married and you want to protect the future of your wife or kid or both, you can purchase a term insurance policy under the Married Women’s Property Act (MWPA), 1874.

But what is the Married Women’s Property (MWP) Act of 1874? How can it empower women when it comes to purchasing insurance policies? If you are a married woman in India, you must know about it.

Against this backdrop, Partner, Shailesh Poria, Economic Laws Practice has been quoted in an article, How Married Women’s Property (MWP) Act protects financial future of woman using life insurance policies even when nominations fail authored by Anulekha Ray from The Economic Times.

Read the detailed comment and article here