Nominee appointed in elder broghters lic policy

Sheela Jain .......... (Querist) 10 November 2015 This query is : Resolved
My deceased Elder Brother under his wish nominated me for his LIC Policy in place of his son. Now, my brother’s wife and his son claims that they are the legal heir and want the whole amount of LIC Policy. Can I get the claim the amount from LIC Company?Who is the right Beneficiary?

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Guest (Expert) 10 November 2015
According To Law Nominee is Only Trustee Who is entrusted with the Job of Transferring the Funds to the Legal Heirs.It is your responsibility to Transfer it to them and you can not make any Legal Claims unless you are an Legal Heir to the deceased.

Kumar Doab (Expert) 10 November 2015
The nomination in LIC policy is not parallel route to succession.

LIC can pay you and you need to pay the equally divided amounts to ClassI legal heirs i.e. Mother,spouse, sons,daughters..............

The legal heirs can sue you if you don't pay.