Insurance policy

If   insurance Policy holder is dead, insurance Co. can pay the entire amount to  mother of policy holder being 100% share.. Mother is only a care taker. and  the wife of policy holder can  claim her legal right  from  the policy.  as  there is a finance loan on a property of policy holder. , the financer can demand his dues from mother- can get court order to attach the policy with the loan Mother being essential party to the suit. 

Read more at: https://www.lawyersclubindia.com/forum/insurance-policy-227465.asp#reply

Nominee is only trustee/custodian of deceased property and not owner of property and has only right to recover the property/amount from Insurance company/Bank and has to disburse the property to legal heirs of deceased ,he can not detain the property.Finance company can recover the loan amount by courts attachment order from policy amount.

The [policy ccan be attached for debt

Policy can be attached without consent of nominee and if policy holder have other loans in personal form will nominee be eligible to give priority to other loans 

furter,  I nominee alive?

Yes sir nominee is alive.

Nominee will get money