Frequently Asked Questions
When will my life insurance cover begin?
Your coverage will begin only on acceptance of your proposal form. A written confirmation
would be sent to you in this regard.
My payment has been successful and I have received a transaction successful receipt. When will the policy be issued to me?
The policy shall be issued after fulfilling all the underwriting and internal requirements.
Based on these details, the decision on acceptance or rejection of cover is taken.
What are the benefits of opting for a higher Sum Assured?
As you opt for higher Sum Assured you will see that the premiums don't increase
at the same rate as the Sum Assured. Hence, the benefit for higher Sum Assured at
a relatively low cost.
E.g., For Age 35 years, Policy Term 20 years, Sum Assured of ` 25 Lakhs premium is ` 4233/-, where as if we increase the Sum Assured fourfold to ` 1 crore, the premium is only ` 11,760/-, which is just 2.8 times multiple. The table below shows indicative premiums for both smoker and non-smoker for Level Cover option for a cover of ` 50 lakhs. The illustration for the same follows. What are the tax benefits available?
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