{"id":10275,"date":"2021-03-09T11:11:26","date_gmt":"2021-03-09T05:41:26","guid":{"rendered":"https:\/\/www.mintyapp.in\/blog\/?p=10242"},"modified":"2024-09-30T15:09:44","modified_gmt":"2024-09-30T09:39:44","slug":"mwp-act-a-financial-boon-for-women-friday-first-cut-episode-12","status":"publish","type":"post","link":"https:\/\/blog.fintoo.in\/blog\/mwp-act-a-financial-boon-for-women-friday-first-cut-episode-12\/","title":{"rendered":"MWP Act &#8211; A Financial Boon for Women &#8211; Friday First Cut Episode 12"},"content":{"rendered":"\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"MWP Act - A Financial Boon for Women - Friday First Cut Episode 12\" width=\"940\" height=\"529\" src=\"https:\/\/www.youtube.com\/embed\/HPmQncFelw0?list=PLu8Aw-6yvsQR_jWUc3vxLsNCtTugol71A\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen class=\"no-lazyload\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">What is the MWP Act? <\/h2>\n\n\n\n<p>MWP Act refers to the Married Women\u2019s Property Act. This was created in 1874 with a motive to protect the interests of married women over the property. In 1923, there was an amendment to this Act which states that the proceeds of the insurance under this Act would belong to beneficiaries who would-be wife and children. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is Section 6 and what it implies? <\/h2>\n\n\n\n<p>Section 6 of the Married Women&#8217;s Property Act (MWPA) was drafted to include Life Insurance Plans. <\/p>\n\n\n\n<p>In such a scenario, the proceeds from the Insurance policy would be protected from the <\/p>\n\n\n\n<ul>\n<li>Creditors <\/li>\n\n\n\n<li>Court orders <\/li>\n\n\n\n<li>Tax orders issued<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">What are the Benefits? <\/h2>\n\n\n\n<p>Interests of the beneficiaries (wife and children) are protected and it is guaranteed that wife and children would have the right to the proceeds. <\/p>\n\n\n\n<p>Stay tuned for our upcoming videos on GST for small business&#8230;&#8230;. <\/p>\n\n\n\n<p>Will vs Nomination vs Joint Holding &#8211; <a href=\"https:\/\/www.youtube.com\/watch?v=x85u7zSpqjI&amp;t=1s\">https:\/\/www.youtube.com\/watch?v=x85u7&#8230;<\/a>\u200b <\/p>\n\n\n\n<p>Friday First Cut Complete Playlist &#8211; <a href=\"https:\/\/www.youtube.com\/redirect?event=video_description&amp;redir_token=QUFFLUhqbXRrYjlFVVBTYmFHX3EzQnRLUl8za3NLdVVYUXxBQ3Jtc0tuYmF1bkRsbmNHbUpTUm4wT2VVX3BjNDgyam9HSXdsUG03LVA1bVVSNnNUYzNZSFpscER1UWYzdkoyMHI4cDZzLU00dlhXSVRmQlIySXdvMHFUd21KOTVqMGx6UGU2Z0MxUFVLVUVyWklfOFpKUUg1Yw&amp;q=http%3A%2F%2Fbit.ly%2F38adeUE\" rel=\"noreferrer noopener\" target=\"_blank\">http:\/\/bit.ly\/38adeUE<\/a>\u200b <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Chat with our Chatbot on www.mintyapp.in or Contact us on &#8211; +91 9699 800 600 <\/p>\n\n\n\n<p>Follow us on <\/p>\n\n\n\n<p>Facebook: <a href=\"https:\/\/www.youtube.com\/redirect?event=video_description&amp;redir_token=QUFFLUhqbTRjcWZJMjNmOHFKVlFLX3RQWXFwZ1lNcVFzQXxBQ3Jtc0tsdVBoX1I1a3lILXFrN0NKOXhFM2E1NVpoaGctdVFLS1gyTnMwWWhONjdVM2U4NmFUdy1pQW1CRHRhN2pEMVhiLThDdWxONzk1amRRQk5NMUNoamx1MFZGWVRPaUdPY3JvYVB6UU1wTDhsUjlVc25haw&amp;q=https%3A%2F%2Fbit.ly%2FMintyAppFB%E2%80%8B\" rel=\"noreferrer noopener\" target=\"_blank\">https:\/\/bit.ly\/MintyAppFB\u200b<\/a>\u200b <\/p>\n\n\n\n<p>Insta: <a href=\"https:\/\/www.youtube.com\/redirect?event=video_description&amp;redir_token=QUFFLUhqbDFDZ1hWVEFiNU1mZUE1SVlEbjYzOUtsM0tGQXxBQ3Jtc0tuTUNybXc5TFlzeE1Nb3pUY0lkNWVFcEJ5Y0lWR3JKczg0WkhVWWxEWlNpM2dOblRyNkFPaGwzQkFGelcyRkctRTVuVkljN1BONFhDTW9ZWVhjazJYOXpycnN1TFdRdld2QWo2VnFxcGdnRjBBYkxvZw&amp;q=https%3A%2F%2Fbit.ly%2FMintyAppIn%E2%80%8B\" rel=\"noreferrer noopener\" target=\"_blank\">https:\/\/bit.ly\/MintyAppIn\u200b<\/a>\u200b <\/p>\n\n\n\n<p>LinkedIn: <a href=\"https:\/\/www.youtube.com\/redirect?event=video_description&amp;redir_token=QUFFLUhqbE4ydTczUnlVZWI0UFdVTlRpdmRxU1hrb3JDQXxBQ3Jtc0trZVBsUkhpSEVCSnZ3Wm5zUmR4aE96SGFBd2Y3c3MyTWdMYXJhUlhGZXlYeE9GV2k2TTdyUU1ycFB4bnB2RjdJeWRaZkdFQzk4NzBoVHVST0txaXpab2dWTE1ZbWl5RUdaRVpJTG45U2d5TjdZTGt6VQ&amp;q=http%3A%2F%2Fbit.ly%2FMintyappLI%E2%80%8B\" rel=\"noreferrer noopener\" target=\"_blank\">http:\/\/bit.ly\/MintyappLI\u200b<\/a>\u200b <\/p>\n\n\n\n<p>Twitter: <a href=\"https:\/\/www.youtube.com\/redirect?event=video_description&amp;redir_token=QUFFLUhqa1NkN1NBSlZZMDd5dUdMRUx2Yk9mUWxGVlpjd3xBQ3Jtc0trRG1kM2ZTTTNDb0JmWjZ6RnVmVmdBVlpXNWVhdjZCcDRkR3lISlNUdVA5NjdZd3d3VUpXcjJ5TGI0T3FwdlMzbmFrUzN0TUZaaTg0aEkzSEpTTUpfN3htX0tTTnplamRvM0ZURVpQcEQtT0FNNHlrVQ&amp;q=https%3A%2F%2Fbit.ly%2FTwMIntyApp%E2%80%8B\" rel=\"noreferrer noopener\" target=\"_blank\">https:\/\/bit.ly\/TwMIntyApp\u200b<\/a>\u200b <\/p>\n\n\n\n<p>To subscribe click here: <a href=\"https:\/\/www.youtube.com\/redirect?event=video_description&amp;redir_token=QUFFLUhqbW0wMFpucVB3VnltZ05pdzQxR2tUclV2V3JZQXxBQ3Jtc0ttTXlPalZmdFpnZG9abVN5OHU2WVp5WDM0N0ZvTUk0SmNxN0h0QnlFV0VmZXpZWTcwU29jblV1TXd0WklvQnV2V3NrS0NBY1ZUVjNkNVpNd2c4Z3BtMEFyUnVNd3JUaEdtRmM0ZlQtNHJtX3N4WkRZMA&amp;q=http%3A%2F%2Fbit.ly%2F2Kzmqcy%E2%80%8B\" rel=\"noreferrer noopener\" target=\"_blank\">http:\/\/bit.ly\/2Kzmqcy\u200b<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is the MWP Act? MWP Act refers to the Married Women\u2019s Property Act. This was created in 1874 with a motive to protect the interests of married women over the property. In 1923, there was an amendment to this Act which states that the proceeds of the insurance under this Act would belong to [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":10243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[809],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MWP Act - A Financial Boon for Women created in 1874<\/title>\n<meta name=\"description\" content=\"MWP Act refers to the Married Women\u2019s Property Act. 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