Can I upgrade my term plan in future when I am able to afford(spend) more to it?

Related Questions

• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on September 17,2022
  If I buy a term insurance plan from any insurer and unfortunately the company gets shutdown in the middle of term then what happens to my insurance policy, will it be active or not for the entire term?
  Dear As per Insurance Act , no insurance company can  shut down . At the most , another company would ...
  
  1 0 160
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on November 24,2021
  If I take a plan now and if I am not able to afford the plan for a higher premium, so after a few years can we take another term plan. Basically, can I take two plans?
  Dear  Yes , you can buy as many plans as you wish . But ensure that you are sharing details ...
  
  1 0 27
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on November 06,2021
  I took an LIC term plan (Plan no. 825) at the age of 25 (2018), which did not had any option of add ons at that time. How can I correct this now for both Critical Illness and Disability Addon ? Any alt solution ?
  Dear As per my knowledge , riders are not available in table no 825 . You can buy Critical illness and ...
  
  1 0 28
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on January 24,2022
  Can a house wife earning rental income and filing IT regularly take term plan? If yes which one?
  No , she can take term plan on basis of passive income . Rent is considered passive income because ...
  
  1 0 414
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on January 24,2022
  Whether it is good to reveal any pre existing health issue like cervical spondylitis etc in term plan?
  Dear  Yes , there is a questionnaire and you should answer all giving details of your health . It is ...
  
  1 0 37
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on November 20,2021
  Can we extend term plan period after completion of the term fixed before?
  Dear  Insurance is a contract for a term and premium is calculated for a term only . You shall have to ...
  
  1 0 20
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on June 09,2022
  Can I take term plan on the base income generate from rental and interest on fix deposit?
  No , rental and interest income is not generated income hence can not be considered as basis for calculation ...
  
  1 0 48
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on October 07,2022
  Which term plan is best whether Term plan with Maturity amount or No Maturity amount?
  Dear  Vanilla term is always better .The difference amount can be put in SIP which  would give far superior maturity.
  
  1 0 17
• 
  Robert James
  

  20+ years of experience in IRS matters .
  Is there a way to prevent my sister's estranged father, who hasn't been involved in her life since she was 12, from claiming her and her baby on his IRS taxes this year, potentially leaving her with nothing? He never formally relinquished parental rights, and we're looking for guidance on how to handle this situation.
  Your sister can try to get an Identity Protection PIN for herself; it will be harder to get one ...
  
  1 0 5
• 
  Citizen Helpdesk
  

  Curated Answers from Government Sources . Answered on August 21,2022
  15 വർഷമായി ബാങ്കിൽ (കേരളാ ഗ്രാമീണ ബാങ്ക്) ജോലി ചെയ്യുന്ന ഒരു വ്യക്തി Pink Ration card ഉപയോഗിച്ച് റേഷൻ സാധനങ്ങൾ വാങ്ങുന്നു ഇത് നിയമ വിരുദ്ധം ആണോ ? ആൾക് വേറേ വൈകല്യങ്ങൾ ഒന്നും ഇല്ല normal life ആണ്.
  ബാങ്കിലെ സ്ഥിര ജീവനക്കാരനാണെങ്കിൽ Pink Ration card-ന് അ‍ർഹനല്ല Source: This answer is provided by Civil Supplies Department, Kerala.
  
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• 
  Yasi Klm
  

  Answered on June 09,2022
  ലൈഫ് മിഷനിൽ പേരുണ്ടോ എന്നു മൊബൈൽ വഴി അറിയാൻ പറ്റുമോ?
  മൊബൈൽ വഴിയും അറിയാൻ കഴിയും. Life Mission  ലിങ്കിൽ കയറി താങ്കൾക്ക് പരിശോധിക്കാവുന്നതാണ്.
  
  1 84 1945
• 
  Mana Sachivalayam
  

  Answered on September 03,2021
  Does obc certificate issued by Andhra Pradesh Government in 2017 has life time validity?
  No OBC certificate has validity of 3 years,  It need to be applied freshly again. It is not valid for ...
  
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