What is MWPA?

The Married Women’s Property Act or MWPA ensures that only the spouse and the children of the policyholder receive the sum assured upon the death of the policyholder. The policy cannot be claimed by relatives or creditors as it is a separate trust meant for the wife and children only. 

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What is MWPA? - An Overview

As per Section 6 of the Married Women’s Property Act, 1874, a married man can buy a term insurance plan to safeguard the financial future of his spouse and children. Any insurance policy taken by the husband on his own life and endorsed under the MWPA will always be his spouse’s and children's property. Neither the husband's creditors nor his parents will have any right over the policy. Once a plan is purchased under the MPW Act, then it may not attached by courts for debts repayment. Only youe children and wife will be liable to the sum assured in the event of your death. 

Rean on to know more to get a complete understanding of MWPA.

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How is the MWP Act Beneficial?

Buying term insurance plan is one of the ways to safeguard your family’s financial stability in your absence. But have you ever wondered what if your family could not get access to the benefit, especially when it’s their sole backup? 

To avoid such a situation where your family will not be able to avail of any benefit of your insurance policy, you can buy term plan under MWP Act. With this, you can ensure that the benefit of your policy will only be given to your wife or children. Your creditors, relatives, or anyone else will not be able to claim any benefit.

Let us understand the importance of the MWP Act with an example:

Suppose Mr. Aryan had bought a term insurance policy to safeguard his loved ones' future. After his sudden demise, the bank from where he had taken a home loan approached the court to clear the outstanding loan with policy proceeds. Unfortunately, the policy amount was given to the bank and his family was left with nothing.

Had he taken a policy with MWPA, the bank would have lost the case and the policy proceeds would be given to the spouse of the child, enabling him to secure their future financially.

Who can be the Nominee of the MWPA Endorse Policy?

The nominee of the policies covered under the Married Women’s Property Act can be:

  • Your Spouse

  • Your Children

  • Your Spouse and Children

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Who Should Buy MWP Act Endorsed Insurance Policy?

The following persons should unquestionably choose life insurance endorsed by MWP Act?

  • Individuals who wish to protect their wife’s and child’s financial future.

  • Salaried individuals, business people, and others with outstanding loans and debts

  • People who wish to guarantee that only their dependents get the insurance benefit in their absence

To Sum it Up

Having a term insurance policy under MWP Act ensures that the policy you bought for your loved ones is beneficial for them. With this act, the beneficiaries (wife and/or child(ren)) will be legally entitled to avail of the death benefit after your demise. Once the policy has been issued, it will not be considered the policyholder’s property and cannot be included in his will. Moreover, no creditors or lenders can make any claims.


  • What will happen to my Policy under MWPA if my wife dies before me?

    Ans: In such a case, the benefit amount will be paid to the legal heirs.
  • Can I purchase 2 insurance policies under MWP Act?

    Ans: Yes, you can purchase more than one insurance policy under MWP Act.
  • How can I purchase insurance under the MWPA?

    Ans: Under the MWPA, endorsing an insurance plan is a simple process. All you need to do is complete an addendum and submit it with your insurance application when you buy the policy.
  • What is the eligibility criteria to buy Life Insurance under MWPA?

    Ans: Under the Married Women's Property Act, any male who resides in India is eligible to purchase a life insurance policy. Under the MWPA, widows or divorcees can also purchase this coverage to guarantee that the payment is paid to the children. However, one must purchase the insurance in their name to ensure that their wife and/or children are eligible for its benefits. Additionally, in the event of a divorce between the wife and the husband following the purchase of insurance under the MWP Act, the beneficiaries will not change.

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