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I already have ET Zindagi Plus Term Insurance cover of 1Cr that I got at 23 at 8.2K. But now on further research, I am seeing their CSR is really bad. Should I change the policy now to Max Life?
I am 25 Yr Old. Fit and Healthy, non smoking male.
If i should change - Which one would you suggest going for - Max Life vs HDFC Life vs Aditya Birla
Would love to get your feedback.
I would like to know whether it is ok to buy two term plan with different companies?
I already have a term plan with Aegon. Now, I am planning to expand my cover. Should I increase my cover with aegon itself or can i go for another company?
For example, in this page, https://www.beshak.org/insurance/term-life-insurance/best-term-insurance-plans/max-life-smart-term-plan?auth=1
The number of claims is 703,971 whereas the number of policies is 597,567. How come this be the case?
What is the maximum term insurance sum assured any one can take?
What to do if my requirement is more than the generic thumb rule the insurance company insist?
kindly help on Term insurance query.
Indian resident taking Term insurance from Icici Pru/ HDFC life but after 5 years his/her *CITIZENSHIP* gets changes to other country ( he will have only OCI card), still Term insurance cover will be valid or it will be void?. I have called to call centre they r saying it will be covered but when I asked them to give in writing till dat no revert
Let's assume Ayush has purchased a term life plan for a tenure of 35 years in India in 2021. In 2025, he gets a job in the US and relocates there. Since Ayush's dependents (elderly parents) are in India, he continues his Indian term life policy.
Unfortunately, he passes away while in the US in 2026 due to natural causes and is not in violation of the policy terms. How would his dependents go about making a claim?
I'll tell you the reason why I have this question -
From what I've read so far, insurers expect these types of documents during claims:
- Hospital cause of death certificate
- Police report
- Inquest report
- Post-mortem report etc.
I have three concerns here:
- Would insurers try to scam their way out of paying claims saying "these documents are issued by authorities of a different country and we only accept documents from Indian authorities" or such excuses?
- What if certain document types do not exist in the country of death?
- Example, "FIR" doesn't exist in the US.
- What if such documentation is available, but is provided in a different language? (eg; Hospital Cause of Death certificate is in Spanish since the death occurred while he was in Mexico)
- Is there a standard procedure followed in the insurance industry to address this?
- Example: "Get a copy of the document translated to English and attested by a Gazetted Officer + an affidavit in Rs. 20 stamped paper by the claimant" or something like that?
I'm sure this is not that uncommon of a scenario, as there are many Indians who relocate abroad with dependents back in India.
Had anyone bought the LIC tech term plan online by themselves? How much time did it took to get the insurance plan. Was the process smooth. wanted to know
Hi guys, I am a 25 y/o working Woman with a stable income, I want to get Term life insurance (for 25 or 30 years). I've received a sales pitch from a life insurance guy, but I wanted to also shop around and see what others have to offer. There’s just so many out there, so from experience, could you guys tell me which one would you recommend and why?
I am a 25 y/o healthy male. I do plan on living a long full life, but you never know what will happen! I love adventure sports and I can bear a good amount of risk in life. I have around 60k invested, 40k stocks/20k crypto. I don't have much to my name and don't plan on working my whole life to accumulate wealth! I am asking for opinions on getting an insurance policy as a way of creating wealth for a future generation.
Hello Expert Members,
Could you please help me know your views/comments on Max Life Smart Secure Plus Plan's 'Special Exit Benefit' ?
This sounds good to me for now as I'm trying to Purchase a Term Plan for my wife.
She's 28 year and I'm opting for 1.5Cr and as per plan's condition, need to buy coverage till age 68 years. At the age of 53 we can get all paid premiums back (around 3 lakhs)
Am I missing something here which should I be worried about or should consider while purchasing Pure Term Plan ?
Please do let me know possible opinion of yours. Thanks in Advance :)