What is MWP Act policy?
Policy under the Married Women's Property Act.
Short answer
Must be chosen when buying; cannot be added later.
MWP Act policy when buying a life insurance (india)
Policy under the Married Women's Property Act.
Why it matters: Payout goes only to wife and children, safe from creditors.
Look for: Must be chosen when buying; cannot be added later.
Full Life Insurance (India) buying guide