Maturity of child plan should be linked to important milestones

Published in Mint on  Apr 05 2016, Written by Abhishek Bondia Are there circumstances under which a life insurance company might refuse to pay for claims? —Ayush Khatri One exclusion allowed in a life insurance contract is suicide in the first policy year. Apart from this, the insurer can deny a claim if there has […]

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If insurance nominee is a minor, you need to name an appointee as well

Published in Mint on August 20th, 2013, Written by Kapil Mehta What’s premium waiver benefit? —Shakti Menon Premium waiver benefit is an excellent feature offered in many child insurance plans. If the insured parent dies, then the requirement to pay premiums for the remaining policy term is waived off. Instead the insurer pays the premium […]

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Wait for new guidelines to assess traditional policies

New products complying with these guidelines will be introduced over the next few months Published in Mint on August 7th, 2013 In the case of a life insurance policy, if the policyholder and the nominee die at the same time, who would get the claims proceeds? —John Wilson The short answer is the legal heirs […]

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