Under some exceptional circumstances they may refuse the payment of policy proceeds
Yes, most banks would accept cheques issued in the name of the guardian as well
A policy bought under the MWPA becomes the absolute property of the married woman and works like an assignment
A term insurance policy that does not give profits is also known as a pure risk insurance policy
The sale proceeds of a house attract capital gains tax, which is the tax that you need to pay on the gains
Every policy specifies the exclusion clauses, which state the specific hospitalisation expenses that are excluded
You should make a representation with the insurer about the circumstances under which the premiums were not paid
Pre-existing diseases are usually not covered in the year the policy is first bought
A householder’s policy can be bought only when it is used for residential purposes and not for commercial purposes
Health insurance policies do not cover expenses arising out of elective, cosmetic, or plastic surgery
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