Suppose I take term insurance (for life cover) for 25 years from some company since I find they charge lowest premium. Can it happen that the company hikes the premium rate arbitrarily after 5 years, to such an extent that I find the rate is more than the premium rate of some other company I ignored earlier. Is it better to stick to public sector insurance companies or are they as good as private sector companies?
if i buy flat in underconstruction building and taken a good amount of loan paid to the builder and if the building collapses due to earthquake or other manuel disasters then is our loan is waived off or what if flat having no insurance cover?
I want to have a policy from “LIC of India”(govt of india owned).Since i have only seven years left for retiring from govt. job.so which of the LIC policies of India i should have so that i get both risk cover as well as better financial gains than bank.The amount of premium should not be more than 15000 per anum.
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I took LIC’s Market Plus without life cover last year. Since this policy is without life cover, isn’t it like a mutual fund?
If it is like a mutual fund, why do they have so high premium allocation charge of 16.5%?
Since, I am just 23 years old, I don’t want to continue it for 20 years. So, if I surrender it after 3 years, I will be at loss, right?
What is the best way to get out this policy with as little loss as possible?
As i told, i am a 27yr old man, intrested in a policy for pension plan which will provide benifit in low premium, accident cover and also if any medical claim includes also good. Mostly i prefered to be a LIC policy or any government reputed insurance companies. Please be free to give answers.
Many colleagues at work are talking about term insurance. After speaking to some of them I understand that a term policy will give me life cover but I don’t know if I should buy a policy myself. So if someone can tell me what term insurance is and what the benefits are, I can consider a purchase.
I would like to have an insurance cover that would return money at regular intervals say for every 3 or 5 years. Do we have any such for children?