Right of the Legal Heir Over the Nominee on a Bank Deposit When Both Nominee and Legal Heir Become Claimants
Who is the legitimate claimant when the bank deposit or insurance amount of a deceased person is claimed simultaneously by both the nominee on the one hand and the legal heir on the other?
The laws have no specific provision to differentiate between the legitimacy of a nominee and that of a legal heir in receiving the deposit or insurance amount of the deceased person.
However, several case laws shed light on the issue. This question, which had led to inconsistent decisions by different courts in earlier years, now appears to be reasonably well settled.