It depends on the type of term plan that you buy. If you choose a pure Term Plan, then there is usually no Maturity Benefit. However, if you wish to receive the premiums paid at the end of the policy tenure if you survive, then you need to choose a Term Plan with Return of Purchase Price or TROP.... Read More>>

Dear Benudhar,

How does it matter if you split your Term Coverage between 2-3 companies or take a lumpsum plan from a single company? If you disclose to all companies about your previous plans, then in any case, irrespective of the fact of where you have your Term Plan from, all plans would be... Read More>>

Once the policy has been issued, all risks have been transferred to the Insurance Company for which you do not need to inform them. As long as you had informed them at the time of issuing the plan and not withheld any information, there is no risk of claim refusal. 

Please keep the documents of... Read More>>

Dear Anil,

Since you are looking for pure protection plans, you can opt for Term Insurance Plans since the basic aim of a life insurance policy is to offer protection. You should immediately take a term plan which is a pure protection plan. In case of death of the customer, the policy pays a certain... Read More>>

Since you are looking for a Term Plan for Protection purpose and taking additional riders is just a process of enhancement of the coverage. Taking a Term Plan is the first step towards protecting your family against unforseen events and securing their future.

The Riders you can opt for in a Term... Read More>>

You can always apply for a Term Plan for your parents up to the same or lesser amount of your coverage. In fact, you can opt for any plan

Among the most popular ones are:

1.Aviva iLife, 

2. HDFC Click 2 Protect, 

3. Aegon iTerm 

4. Bharti AXA e-Protect

However, why do you need Term Plan for your parents?... Read More>>

The concept of Term Plan is that irrespective of the reason for death, except in the case of suicide within 1 policy year and mysterious death within 2 years of policy as early death claim, all other death claims would be processed. Thus, it doesn't matter whether you die in your sleep or in a heart... Read More>>

Dear Raj,

The concept of Term Plan is that irrespective of the reason for death, except in the case of suicide within 1 policy year and mysterious death within 2 years of policy as early death claim, all other death claims would be processed. Thus, it doesn't matter whether you die in your sleep or... Read More>>

 If you are a housewife and you wish to avail a term coverage of Rs 5 lacs, then your husband must have the similiar coverage as well or more. Else, your coverage might not be admitted.

Now, the premium would depend on a lot of other conditions as well. The minimum coverage for Aegon Religare iTerm... Read More>>

Dear Arun,

Irrespective of one large plan or many small plans, you need to disclose all previous policies for further underwriting else your policy would be rejected on grounds of Non-Disclosure or Misrepresentation of Material Fact. Hence it is one and the same thing. You can however apply to... Read More>>