Home |Life Insurance |
Is it possible to combine multiple term insurance from different fund houses?
Is it possible to combine multiple term insurance from different fund houses?
Shailesh Kumar, Co-founder, Insurance Samadhan
Answered on March 19,2022
Answered on March 19,2022
You mean to club term insurance from multiple insurers then it is not possible because each insurance is separate contract .
Related Questions
-
Shailesh Kumar
Co-founder, Insurance Samadhan . Answered on May 05,2022What if my private company has provided me health and term insurance of good amounts? Shall I still buy the personal insurance now or wait for some years until I quit the company and then buy the personal health and term insurance?
Your group insurance is a rented property . You have it till you are part of group . You ...
1 0 70 -
Shailesh Kumar
Co-founder, Insurance Samadhan . Answered on November 03,2021Is it advisable to take a life insurance for a senior citizen at the age of 62 years?
Dear It is not advisable as mortality cost becomes very high . Moreover, by age 62 all financial liabilities are ...
1 0 168 -
Shailesh Kumar
Co-founder, Insurance Samadhan . Answered on December 17,2021If i bought a term life insurance and I end up paying till maturity age. What's my benefit then ? will I get any premium ?
Dear Pure Term Insurance offer sum assured on death only and nothing is payable on survival . However , there are ...
1 0 43 -
Shailesh Kumar
Co-founder, Insurance Samadhan . Answered on April 17,2022Is it possible to have multiple term life insurance as salary increases and if yes then is it possible to claim from all if something happens ?
Yes , one can have multiple insurances and all claims are payable . Please ensure that all insurances policies ...
1 0 26 -
Shailesh Kumar
Co-founder, Insurance Samadhan . Answered on March 01,2022Can we update the nominee later for life insurance? Can we have multiple nominee so that we can split the claim amount percentage wise. How the nominee will claim the payout?
Yes , you can change the nominee by giving an application for change of nominee . Yes , you can ...
1 0 24 -
Shailesh Kumar
Co-founder, Insurance Samadhan . Answered on January 01,2022I'm still a student and my age is 23. I want to buy a term insurance now so that my premium remains low. So can I still buy a 2 Cr sum insured term insurance without actually securing a job?
Dear No , you are not eligible for Term Insurance of more than Rs 10 lakh. For higher sum assured , ...
1 0 20 -
Shailesh Kumar
Co-founder, Insurance Samadhan . Answered on February 21,2022My fathers death happened in 2017 and I am not sure if he had any insurance in his name. But I do have his PAN card number. Is it possible to get his insurance details by his PAN number, if possible then how?
Not possible through PAN . There is no centralised system . Try to see the debits from Bank and ask ...
1 0 55 -
Shailesh Kumar
Co-founder, Insurance Samadhan . Answered on September 17,2022If 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 January 05,2022How can I find best company of term insurance with high settlement ratio?
Dear All Insurance Companies are good and work under IRDA . If you are hungry then you look for a place ...
1 0 47 -
Shailesh Kumar
Co-founder, Insurance Samadhan . Answered on March 01,2022I've already bought a term insurance with a fixed cover of 1cr. But now , I want to increase this cover amount to 2cr. Shall I buy a new one ? Or is there any other option?
Dear You should buy a new plan . Continue the old and buy additional cover of Rs 1 crore as ...
1 0 38 -
Shailesh Kumar
Co-founder, Insurance Samadhan . Answered on May 05,2022Is it good to finish of the premium in less number of years rather than full term duration?
No , it is not a good decision. It is better to pay annual premium for full term by making ...
1 0 12 -
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