Married Women's Property Act

1
Married Womens Property Act
2
What is MWP Act ?

• The Married Women's Property Act, sometimes known
  as the MWP Act, guarantees married women complete
  ownership of whatever property they acquire or
  come to own.
• After the marriage, the husband is not permitted
  to obtain a stake in any of the wife's such
  assets.
• A welfare law was passed in 1874 to ensure that a
  married woman's wages, earnings, property,
  investments, and savings are her own property,
  distinct from her husband's and relatives.
• As a result, neither her spouse nor her in-laws
  nor any other relative have any claim to her
  property.

3
Who should opt for insurance with MWP Act?

• The following people should consider buying
  insurance under MWP Act-
• People who live in joint families or have close
  relatives should opt for insurance under MWP Act
  as there can be many claimants in the family.
  This will ensure that after the death of the
  policyholder, no family conflicts regarding the
  death benefit arise. 
• People who work for pay and in the business world
  accrue debt and take out loans. To prevent
  creditors, lenders, or banks from using the death
  benefit to pay off debts or liabilities, such
  people should purchase an insurance plan under
  the MWP Act.
• Any individual who has a risk that their
  relatives or another person could fraudulently or
  otherwise use the insurance benefit to cover
  their insecurities is required by this Act to
  purchase their own insurance. The spouse has the
  option of designating his wife, children, or both
  of them as the policy's beneficiary.

4
Thank You