Ask an Expert - Your Personal Insurance Advisor

If the purpose if to pay less premium for the Term Plan, then you should not disclose. However, if you do not disclose and happen to die in any way related to your depression, then the policy might be repudiated and the claim rejected on grounds on non-disclosure or misrepresentation of material... Read More>>

Dear Suhail,

It is a very noble cause that you intend to cover yourr brother's life. But why would you wish to take a term plan for him? Why dont you take an endowment plan instead?



According to the concept of Insurable Interest, you can insure only that person on whom you depend financially. That is,... Read More>>

Dear Bhargav,

Term Plan should be taken for a period for which you would like to cover yourself, i.e. protect your family. Since you are 30 only, you need to take a plan for another 30-35 years at least, by when your liabilities will be there to bring your child up, take care of your dependents, etc.Read More>>

Dear Suni,



Thanks for being a regular visitor to our website and liking the same. We appreciate your participation.



As far as your doubt on Online Term Plan is concerned, please understand:



At the time of taking the new Term Plan or any other Life Insurance Policy for that matter, the documents are... Read More>>

At the age of 24, you should immediately avail a pure term insurance policy. Recently, life insurance companies have launched their online term insurance plans which are priced very attractively. Some of the options available to you are -

HDFC Click 2 Protect

Aviva iLife

ICICI Pru iCare



Some good Family... Read More>>

Dear Yogesh,



If you are looking at an Online Term Plan of Rs 50 lacs, do not restrict yourself to HDFC Life Click 2 Protect Plan and Kotak e-Preferred Term Plan only. You can venture and compare with other Term Plans as well.



However you need to choose the plan which benefits you the most, not... Read More>>

The minimum sum assured in many term plans now starts at 20 or 25 lacs. For a 10 lac sum assured you can look at –

HDFC Click to Protect

Yes it is necessary to show your income proof at the time of application for a term insurance policy. Working as a Freelancer would be considered as being Self-employed businessman and hence it is expected of you to file your Income Tax Returns (ITR) every year. It is important to show the proof of... Read More>>

Dear Vishal,



Since the premium for online Term Plans is usually very low, a small amount of increase in premium would also result in a high percent of increase in premium. It entirely depends on the underwriters of the Insurance Company how much premium they charge according to their risk assessment.... Read More>>

Dear Sandeep,



Choosing a Term Plan is a possibility at any age. But whether or not you will get a Term Plan entirely depends upon the decision of the underwriter. The Underwriting team will assess the risk on your mother's life, health and medical and then take a call whether a Term Plan can be... Read More>>