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How much life insurance do I need
?
Can I buy Life insurance for my new born child
?
I
am 65 years old. Can I buy Life insurance cover for myself
?
I
am pregnant now. Can I buy Life insurance in my name ?
Can Nomination, once made, be changed later
?
Will a Unit Linked Plan give me higher returns
?
My agent has approached me with a brochure which
says that if I pay Rs.100,000 per year for three years, I will get Rs.3.20 Cores
after 20 years. Can I buy that Plan ?
How can Life Insurance help in my tax planning ?
Q) How much life insurance do I need ?
A) It’s a complex
question. As a thumb rule, 10 – 12 times your annual income. We shall be glad to
help you with a detailed analysis. Please complete our
enquiry form.
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Q) Can I buy Life insurance for my new born child
?
A) Of course! you
can. There are specially designed plans for children.
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Q) I am 65 years old. Can I buy Life insurance cover for myself
?
A) Yes, you
can.
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Q) I am pregnant now. Can I buy Life insurance in my name
?
A) Yes, you
can.
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Q) Can Nomination, once made, be changed later
?
A) Yes.
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Q) Will a Unit Linked Plan give me higher returns
?
A) In a Unit Linked
Plan, the returns you get would depend upon your risk appetite (whether you
opted for a Secure fund, Balanced fund or a Growth fund), the duration of the
plan, the performance of the fund and the Fund Management Charges. Whilst on a
longer term, say 15-20 years, equity has been historically giving higher returns
than any other investment, there is no guarantee that your Unit Linked Plan will
offer higher returns.
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Q) My agent has approached me with a brochure which says that if I
pay Rs.100,000 per year for three years, I will get Rs.3.20 Cores after 20
years. Can I buy that Plan ?
A) Chase your agent
away. No insurance scheme can ever offer that kind of returns.
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Q) How can Life Insurance help in my tax planning ?
A) Life Insurance
premium upto Rs 1 Lakh per year qualifies for income tax rebate along with other
savings like PF, PPF, NSC etc
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