Answer
(Fatwa: 1843/1133/D=1432)
The fund money that is received from the company likewise the original amount that is deposited in LIC became his inheritance. It is the right and share of his Shariah heirs, which should be given to them. Had you written the details of the Shariah heirs the share of each heir would have been explained. It is wajib on the heirs to give in charity the extra amount of interest which is included in the LIC. It is not lawful for them to use it in their needs.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband