Mahesh ran a business on borrowed capital. After his sudden demise, all the creditors are doing their best to go after Mahesh’s assets. Which of the below assets is beyond the reach of the creditors?

Mahesh ran a business on borrowed capital. After his sudden demise, all the creditors are doing their best to go after Mahesh’s assets. Which of the below assets is beyond the reach of the creditors? Correct Answer Term life insurance policy purchased under section 6 of the MWP Act

The term life insurance policy purchased under Section 6 of the MWP Act cannot be taken by the creditors.
Bissoy MCQ

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