Simple! The person mentioned in your Will will receive your insurance money. Let’s understand with an example:If the nominee in your policy is your mother but in your Will, you have mentioned that your father is entitled to receive the insurance payout, then the insurer will pay out this money to your mother but your father can still claim it. .But there is an exception to this - if in your policy you had checked for the MWPA provision, then only your wife and children will get the insurance money. In this case, the nominee mentioned in your Will (if different from your wife or children) will not get the insurance money.