LIC OF INDIA: INSURANCE BY HUSBAND FOR BENEFIT OF WIFE

DO YOU REALLY LOVE YOUR WIFE AND CHILDREN ?
THEN EXPRESS IT LIC'S WAY.
MARRIED WOMEN’S PROPERTY ACT 1874,SECTION 6: A policy of insurance effected by any married man on his life , and expressed on the face of it to be for the benefit of
His wife
His wife and children or
Any of them
In case of insolvency all assets can be sold out to pay the creditors however this policy will remained untouched as per the law . Hence this plan can be the best for the benefit of WIFE policy taken by husband..