Saturday, September 22, 2018
  • Tag
  • Life Insurance
Save Together Secure Each Other

INSURE

Save Together Secure Each Other

Joint term insurance plan is a great option for married couples By Nirmala Konjengbam

SBI Life Insurance launches term policy with in-built critical illness cover

INSURE

SBI Life Insurance launches term policy with in-built critical illness cover

The policy covers 36 critical illnesses and also has a premium waiver feature

DeMo Impact: Premium Inflow Bonanza for Life Insurers

INSURE

DeMo Impact: Premium Inflow Bonanza for Life Insurers

Post DeMo life insurance as a financial instrument has attracted buyers; boosting insurers’ premium collections

Is there any limit to the number of life insurance policies I can buy?

ASK

Is there any limit to the number of life insurance policies I can buy?

There is no limit to the number of life insurance policies you can buy

Can I make the payment now as I missed the last premium of life policy?

ASK

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

If a policyholder becomes insolvent, is there any way he can protect the policy?

ASK

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

What is the most hassle-free way to deposit life cover premiums on time?

ASK

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

Can an insurance company refuse to make payment of insurance proceeds?

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Can an insurance company refuse to make payment of insurance proceeds?

Under some exceptional circumstances they may refuse the payment of policy proceeds

Can a creditor in case of repayment of debts attach policies issued under MWPA?

ASK

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

If the assignee of a policy expires, who would have the rights to that policy?

ASK

If the assignee of a policy expires, who would have the rights to that policy?

In the event of the death of the assignee, all the rights to the policy would vest with the assignee’s legal heirs

How should I determine the duration of any endowment plan that I take?

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How should I determine the duration of any endowment plan that I take?

The policy term should be determined on a case-to-case basis

My life insurance policy lapsed. Will this impact my credit score?

ASK

My life insurance policy lapsed. Will this impact my credit score?

The credit score agencies arrive at a score based on information on your financial dealings

Is it useful to have a premium waiver facility in a life insurance policy?

ASK

Is it useful to have a premium waiver facility in a life insurance policy?

Sometimes, a waiver of premium can also become effective if you are diagnosed with a critical illness