Succession to minor insurnace policy

Sri Biswajyoti Saikia (Querist) 22 July 2014 This query is : Resolved
a father opened a LIC policy in the name of his minor. mother was made nominee to the said policy. mother died during continuation of the policy. later minor died while he was still minor. now father is claiming the policy amount. minor died intestate and he has 4 brothers and 1 sisters. can his father alone can get the insurance amount? one of minor elder brother is also claiming the policy amount? please help me who will be entitle to the policy amount? father alone or share with the brother?

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Devajyoti Barman (Expert) 22 July 2014
Father is not the class-I legal heir of the child not his brothers also.
In this case the insured money will be equally divided among brothers and father of the deceased child.

ADV-JEEVAN PATIL, MUMBAI (Expert) 22 July 2014
A) Minor was beneficiary n his nominee mother both expired. Father being trusty cannot appropriate amount of policy.

B). However being father has equal share with other siblings.
Hope u r satisfied