Laksmi, How are the claims?.. as per chennai, i have heard star is better when it comes to claims.. i think some of the medical insurances do give cover for pre-conditions as a different plan.. what about the exclusion list..because even when the plan says accepts pre-conditions, the glitch is mostly in the exclusion list.:rant:rant:rant
Shanthi, Aegon Religare has a good reputation whenit comes to insurance claims but i dont have an idea about medical claims. Some companies do cover preconditions but they bump up the premium cost by a lot. Also this insurance cover is given without a medical checkup. There is an exclusion list (as always :bonk) but that is for fatal illness like lukemia, cancer etc. -Lakshmi
hi we dont have a term policy and my husband is now planning to take one can u suggest the best provider we want to take for 30 lakhs . is it better to take accident coverage rider along with that?? and i want to know weather 15,20 or 30yrs term is better for age 30 male. please help me
Shruthi, I am 30 too. I took a term insurance from Aegon Religare for the maximum term provided by the company. This is bocz i wanted the insurance to cover me atleast till i am an active earning member. In case of any eventuality, all my liabilities are covered. Aegon Religare has best reviews and premiums quotes for the term insurance. Also their riders are more affordable than ICICI Lombard. So opted for the same. LIC was ruled out because it does not offer any riders. In the current scenario, i feel critical illness and accident cover riders are a must. Coming to the riders, i have taken the accident coverage and also critical illness rider. If you take these riders, you get the amount you opted for these riders (for ex, 8lakhs) in case of accident and critical illness and also you are exempted from paying the premium amount for the rest of the duration. I would strongly suggest you opt for the accident cover rider. If possible, do opt for the critical illness rider too. -Lakshmi
Hi Shaishav/IL's, I have the below policies. which i had taken through a tax advisor in my previous company. Without much knowledge about anything, i simply took all of them. :bonk But its too much for me to pay all of them every now and then. I would just like to keep 2 of them which would help me to take loan later and get rid of the rest. kindly advise me please. 1.LIC Jeevan Anand (with profits) (with Accident benefit) Sum assured: 500000 Half yearly premium: 12713.00 Rs date of commencement: 14/01/2008 date of last payment: 14/07/2028 2.LIC Money Plus (fund opted: Growth) Sum assured: 100000 quarterly premium: 2500 Rs date of commencement: 30/03/2007 date of last payment: 30/12/2026 3.LIC Market Plus (fund opted: Growth) Yearly premium: 12000 Rs date of commencement: 31/03/2008 date of last payment: 31/03/2024 4.ING Vysya Sum assured: 200000 quarterly premium: 3616 Rs date of commencement: 3/04/2008 Thanks.
Help me decode my LIC policys plssss Dear IL's, I have the below policies. which i had taken through a tax advisor in my previous company. Without much knowledge about anything, i simply took all of them. But its too much for me to pay all of them every now and then. I would just like to keep 2 of them which would help me to take loan later and get rid of the rest. kindly advise me please. 1.LIC Jeevan Anand (with profits) (with Accident benefit) Sum assured: 500000 Half yearly premium: 12713.00 Rs date of commencement: 14/01/2008 date of last payment: 14/07/2028 2.LIC Money Plus (fund opted: Growth) Sum assured: 100000 quarterly premium: 2500 Rs date of commencement: 30/03/2007 date of last payment: 30/12/2026 3.LIC Market Plus (fund opted: Growth) Yearly premium: 12000 Rs date of commencement: 31/03/2008 date of last payment: 31/03/2024 4.ING Vysya Sum assured: 200000 quarterly premium: 3616 Rs date of commencement: 3/04/2008 Your thoughts will be helpful greatly.
Hi , If your LIC market Plus is market linked Insurance plan. Please check the conditions for surrendering the policy and also you can how much surrender value you can get. Usually you have certain years of premium to be paid before the polciy can become paid up and can be surrendered. It is better if you can get some one to talk to LIC officials or post a query on LIC website about what is the surrender polciy for your one.
Thanks for your reply mamtha, Minimum number of years to be paid is 3 years. I have completed 3 years for all the policys. Just dont know which one to keep and which one to surrender. Please advice me on that.
