Life Insurance Queries

Surrender of Komal Jeevan Policy

Please suggest me, I have Komal Jeevan Policy in LIC. Now would like surrender this policy?

Sep 2, 2015 by Raju, Hyderabad | Life Insurance

LIC’s Komal Jeevan is a money back child plan. The risk cover is on the life of the child. In our opinion, if the child is financially dependent on the parent(s), it makes more sense to have risk cover for the life of the... Read More

SPELLING MISTAKE IN NOMINEE NAME

There is a slight spelling mistake in the name of the nominee for the life insurance. Will the nominee face problems if he/she claims the insurance stating his/her name with the correct spelling? This is question arising from a real life situation?

Aug 3, 2015 by Byronkhiangte, Hnahthial | Life Insurance

We suggest you to get the nominee name corrected as soon as possible. During the claim process, Insurance companies ask for Identity and Address proof of the nominee. This should exactly tally with the... Read More

Best Life Insurance Plan which can generate income

I am a salaried employee with monthly income 40 thousand rupees. I want to buy insurance plane with secured income periodically for myself & One child insurance for my 1 yr child(girl) for securing her higher education. First I decided that I will invest my money in Suknya Smradhi Yojna & PPF Except that I want to take Insurance plane for myself & child?

Apr 1, 2015 by Kavindra, Jabalpur | Life Insurance

It is very prudent on your part, to start planning for your child’s higher education from a very young age. If you start early, you will be benefit from the power of compounding of investment returns. However, it is not prudent to mix life insurance and investment... Read More

Life Insurance Term plan for 29 years old married Individual

I am 29 years old. I am married and have one son. My monthly salary is Rs 25,000. I do not have Life Insurance Policy. Please suggest how much coverage I need and also please suggest a Term Life Policy

Mar 2, 2014 by Dhananjay, Kolkata | Life Insurance

Insurance offers financial security to your family, in the event of an untimely death. There is a process to go about selecting a life insurance policy. (1) You should decide the amount of your insurance cover that you would require. While there is no exact formula for this... Read More