The Telangana Information Technology Association(TITA) has brought relief to the bereaved family of the IBM employee, Manjunath Goud who succumbed to cancer untimely in November.
His minor mistake created a tricky situation for the family member — both his parents and wife and 8-year-old kid — in availing the death benefits. He mentioned his mother as the nominee for availing PF, gratuity, and life insurance while joining IBM, but failed to update nominee details after getting married. However, his wife and son stand as the legal heirs.
The widow of Manjunath, Vijayalakshmi, who hails from Mahbubnagar district, had approached TITA Global President Sundeep Kumar Makthala seeking help.
TITA chief Sundeep, senior advocate V Prakash and TITA legal advisor Pramod Kopalle held several rounds of discussions between both the family members at the TITA office and convinced them to come to a solution and avoid legal complications.
Both the families of Manjunath and his wife Vijayalakshmi reached an amicable agreement since both the families are noble and respected. The gap between the family members widened just because of the conflict of opinions.
As per the agreement, the house owned by Manjunath in Suchithra will be given to his son, Sai, through a gift deed. However, his parents could stay in the house till their last breath as they don’t have anyone to look after them. Likewise, Rs 5 lakh will be given to his parents and Rs 10 lakh to his wife and son.
The remaining monetary benefits will be halved and invested as fixed deposits (FDs) in the name of Sai. The interest accrued on the first FD will be given to Manjunath’s parents and the interest on the second FD will be shared by his wife and son.
Sundeep Kumar Makthala once again urged the IT employees to update their nominee details to avoid such a tricky situation and not to drive their families into trouble.
Sundeep also thanked Manjunath’s parents and his wife for settling the issue off the court and without escalating it.
Vijayalakshmi thanked the TITA for solving the problem in an amicable atmosphere. She also thanked her in-laws for their cooperation in solving the issue.