Guardian Ship - Urgent

The three children are entitled for the money.First instance grand father of the childrens has to file an original petition in the  district court claiming the children as legal heirs of the deceased by way of filing(succeession petition).Thereafter the court will direct the insurance company to deposit the amounts by way of a fixed deposits.

The next step to be followed is to file an application before the court seeking appointment of  the  childrens grand father  as a guardian under guardians and wards act.The amounts which are in the fixed deposit  can be expensed in a judicious manner for the education and upbringing of the children

If the amount is huge,it would be proper for the parents and thd children of the deceased to obtain a sucession certificate from competent court on basis of which payment may be made to them.

I dont think sucession certificate is
necessary. Genrally insurance companies do not demand succession
certifiacte a Legal Heir Certificate issued by MRo will do the work but
as for asappointment of guardian is concerned as my friend said you
have to file a GOP before the District Judge.

Hellow Dear friends, thanx for your valuable suggestions in the subject, once again i am very thankful for your kind attention to my querry.

It must be noted that the parents of deceased husband are also entitled to an equal share in the policy-anount and merely a guardianship certificate can not serve the purpose.

Dear friend,

I have a small correction in Mr.Ajay Kumar's view. Only the  mother of the deceased husband will get a share in the policy compensation of the husband and not his father as mother comes under Class I heir apart from the three minor children.

As for as the policy compensation of the wife, it is inferred from the insurance offiicer stament that they are not alive. Hence the entire policy compensation will go the three minor children.