Providing financial protection for home loan borrowers is the objective of Mortgage Redemption Insurance (MRI).  The sum assured under a keyman insurance policy is generally linked to the business's profitability.  Mortgage Redemption Insurance can be categorized as a form of decreasing term life assurance. Keyman insurance covers losses arising from an extended period during which a key person is unable to work.  A policy is executed under the Married Women’s Property Act (MWP Act). If the policyholder does not appoint a special trustee to receive and manage the benefits under the policy, the sum secured under the policy will be payable to the Official Trustee of the State. Mahesh ran a business on borrowed capital. Following his sudden death, creditors are working to recover Mahesh's assets. However, a term life insurance policy purchased under Section 6 of the MWP Act is protected from creditors.  Under the MWP Act, maturity claims are paid to trustees. For...