Can wife continue Citibank Good Health policy if husband dies
12 Jan, 2022 by Anuj Jindal
I have this query from one client.
He has held Citibank credit card for over 20+ years and for similar period he has Citibank Good Health policy covering him and his wife. The gentleman is 74 yrs old.
Naturally he is worried what will happen to his wife in case he passes away. He asked, he being the credit card holder, in case he passes away before his wife, the card will be discontinued, and potentially that will stop the Good Health policy for his surviving wife. So his query is if he were to pass away before his wife, what is needed to be done to continue the Good Health policy for his wife?
I am having this policy since 2003. Policy cannot be renewed once card is closed(on the death of the card holder) However policy is valid up to 31st March of every year once premium paid. As per terms & conditions of the policy, it can be ported to New India Assurance's individual /floater policy directly from any branch of the company. This can be done in advance also(before the death of the policy holder).