Monday, January 22, 2018
Want to sell my car, which was insured only last month. Can I ask the insurance

ASK

Want to sell my car, which was insured only last month. Can I ask the insurance

Generally, while selling a car it’s a good practice to cancel the insurance policy

How can I invest an amount for a period of one year and reap the maximum returns

ASK

How can I invest an amount for a period of one year and reap the maximum returns

Please suggest how I can invest this amount for a period of one year and reap the maximum returns?

I want to know how the insurers calculate mortality charges?

ASK

I want to know how the insurers calculate mortality charges?

Mortality charges are a function of actuary calculation made by professional and experienced actuarial managers

How do the insurers assess loss due to fire at shop covered under a fire policy?

ASK

How do the insurers assess loss due to fire at shop covered under a fire policy?

The insurance surveyors deputed by the insurance companies to assess the loss are trained and qualified

Whom will the insurers pay the claim if there is an outstanding loan on the car?

ASK

Whom will the insurers pay the claim if there is an outstanding loan on the car?

In the case of any claim under the policy, the claim would
 be payable to the lender

What is the process of filing a claim if one has more than one health policy?

ASK

What is the process of filing a claim if one has more than one health policy?

In the event of a claim, you can either inform all the companies, or any one company

What should I do if I have paid the premium, but did not receive the policy?

ASK

What should I do if I have paid the premium, but did not receive the policy?

Once the insurance company has accepted the premium, you have every right to claim the policy

What are the conditions for grant of critical illness insurance cover?

ASK

What are the conditions for grant of critical illness insurance cover?

Critical illness policy is available for the specific critical illnesses named under the policy

Does one get the premiums paid towards a term plan back upon maturity?

ASK

Does one get the premiums paid towards a term plan back upon maturity?

Term insurance plan is a pure risk plan wherein a very low cost is paid to cover life for a specific term

What should I do if the policy I received is different from what I opted for?

ASK

What should I do if the policy I received is different from what I opted for?

If the policy you received is different to what you actually opted for, you may return the policy

I am a bachelor with an annual income of Rs 4.6 lakh. Suggest some life covers.

ASK

I am a bachelor with an annual income of Rs 4.6 lakh. Suggest some life covers.

If you are looking 
for a life cover, you should go for a term insurance to cover yourself adequately

What are unit-linked insurance plans? Are they risky investments?

ASK

What are unit-linked insurance plans? Are they risky investments?

A unit-linked insurance plan provides both insurance and investment benefits

Do I need a guarantor or security while availing a car loan?

ASK

Do I need a guarantor or security while availing a car loan?

The security for the car loan is your car itself