Whether it is good to reveal any pre existing health issue like cervical spondylitis etc in term plan?

Related Questions

• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on May 05,2022
  What 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 January 05,2022
  In a term plan we are paying premium every month for the coverage but what if a person face death early (say after one year only of taking life insurance) in the period so he has not paid the amount of the coverage so will his family be getting the full coverage amount?
  Yes , claim will be payable .That is the purpose of Insurance to cover the risk of uncertain event ...
  
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• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on December 17,2021
  If 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 January 01,2022
  I'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 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 0 163
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on November 20,2021
  PNB metlife super saver plan with health benefits plan me invest karna sahi he kya?Ye tax benefit deta he kya? 80C and 80D? Ye plan income tax section 10(10d) me add he kya?
  Dear  PNB Super Saver is a good plan keeping in mind various options available but each rider has a cost ...
  
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• 
  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 ...
  
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• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on March 01,2022
  If I opted for an Endowment plan of 1 crore cover and If I'm getting hospitalized, does this policy covers the bill amount as well? Or that come under health insurance?
  Life insurance covers risk of death unless you had taken critical illness rider . For medical , you need Health ...
  
  1 0 20
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on November 02,2021
  If the difference between a term plan and a return of premium plan is 700rs per month for 40 years, for a same cover, is term plan still a better one?
  Dear  Yes , term is always better . Why should you pay extra . Save the money in mutual fund and ...
  
  1 0 21
• 
  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 October 27,2021
  If there's no death in those 20 years of term plan, will the premium be returned? What happens to the money we pay as premium?
  Dear  Insurance works on the principle of pool creation and contribution . Insurance company only manages the pool . So if ...
  
  1 0 65
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on November 11,2021
  Can I upgrade my term plan in future when I am able to afford(spend) more to it?
  Dear  No , each additional sum assured need fresh underwriting . Today , you are being insured as per your health ...
  
  1 0 25
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on May 05,2022
  Is 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 ...
  
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