The fresh new Partnered Women’s Property Work, 1874 or even the MWP was a legal shield accessible to protect the latest financial attract off a depending partner, college students or both in case of sudden demise of your policyholder. The MWP Work can be applied towards identity insurance coverage and you can life insurance rules in order for the sum in hopes is actually secure for use away from merely wife/child/college students or both (partner and children) with no most other liability (mortgage rewards, loans payoff, shared household members legal rights etc. ) are connected with so it sum
What’s the MWP Act?
Ladies’ rights for the India in the morning a challenge, when approached out of a personal, political or courtroom position. The reason being women in familial jobs (mothers, daughters, sisters and wives) usually are depending partially or wholly into guys of the loved ones and hardly do it one correct more than their property. It may lead them to be victims when you look at the property conflicts and you will oftentimes, women can be remaining penniless with no monetary protection getting by herself or her based youngsters.