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Can a creditor in case of repayment of debts attach policies issued under MWPA?
A policy bought under the MWPA becomes the absolute property of the married woman and works like an assignment
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If a policyholder becomes insolvent, is there any way he can protect the policy?
There are possibilities that it can be attached in the event of insolvency of the insured
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Do health insurance policies cover plastic surgery?
Health insurance policies do not cover expenses arising out of elective, cosmetic, or plastic surgery
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Can a cheque drawn in favour of guardian be deposited in minor’s account?
Yes, most banks would accept cheques issued in the name of the guardian as well
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What is the most hassle-free way to deposit life cover premiums on time?
The easiest way in which you can pay the premium is through online banking
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What are the risks with the investment in a growth option of units of Ulip?
You must bear in mind that the past performance of the fund is not necessarily indicative of the future performance
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Can a life cover work as a collateral security for a loan?
Collateral security only helps in securing the loan and is usually not considered for determining the loan amount
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Should I go for a term insurance with benefits or one without the benefits?
A term insurance policy that does not give profits is also known as a pure risk insurance policy
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Can I make the payment now as I missed the last premium of life policy?
It will depend on the time period that has lapsed since you last paid your premium due
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Is it true that no policy covers 100 per cent of the sum insured?
Every policy specifies the exclusion clauses, which state the specific hospitalisation expenses that are excluded