Personal Finance News
What are the risks with the investment in a growth option of units of Ulip?
You must bear in mind that the past performance of the fund is not necessarily indicative of the future performance
If a policyholder becomes insolvent, is there any way he can protect the policy?
There are possibilities that it can be attached in the event of insolvency of the insured
What is the most hassle-free way to deposit life cover premiums on time?
The easiest way in which you can pay the premium is through online banking
Can an insurance company refuse to make payment of insurance proceeds?
Under some exceptional circumstances they may refuse the payment of policy proceeds
Can a cheque drawn in favour of guardian be deposited in minor’s account?
Yes, most banks would accept cheques issued in the name of the guardian as well
Can a creditor in case of repayment of debts attach policies issued under MWPA?
A policy bought under the MWPA becomes the absolute property of the married woman and works like an assignment
Should I go for a term insurance with benefits or one without the benefits?
A term insurance policy that does not give profits is also known as a pure risk insurance policy
How can I use the sale proceeds in a tax efficient manner?
The sale proceeds of a house attract capital gains tax, which is the tax that you need to pay on the gains
Is it true that no policy covers 100 per cent of the sum insured?
Every policy specifies the exclusion clauses, which state the specific hospitalisation expenses that are excluded
My father died of a massive stroke. Will the insurer still pay the claim?
You should make a representation with the insurer about the circumstances under which the premiums were not paid
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