LAWyersclubindia LCI
Login  Register
Learn Trademark Filing Like a Pro. Register Now!
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Assignment bof lic

(Querist) 20 July 2012 This query is : Resolved 
Dear Sir/Madam,

Mr X is a minor and a traditional life insurance policy holder,his father Y is the proposer of the said policy ,the policy is more than 05 yrs old.

Is it possible for a Bank to assign this particular policy in favour of them and consider it as a security in a loan in the name of his father Y?

Pls suggest.
Report Abuse
A V Vishal (Expert) 20 July 2012
No it cannot be done.

Previous
Next

You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :



Ask Query
Unanswered Queries

Laws Follow us





Browse by Category