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Ensure policy proceeds reach the right person

Businessmen with liabilities can buy an insurance policy under the Married Women's Property Act to insulate the family from any default

Sahil Sharma, on one hand, is pleased that he survived the Kashmir floods. But, on the other, he is worried that if anything had happened to him, his family would have found themselves in a financial mess. When he visited an insurance company's office, he was given multiple choices of plans - endowment plans, immediate annuity, child plans, pension plan, and one particular plan which distributed the life insurance proceeds in installments. The problem The plans did not convince Sharma that the money would be used in the way he wanted - a genuine concern. Ensuring proper distribution ...