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Chat Transcript

  • Yashish Dahiya

    11 Oct - 10:00hrs

    Know more about Insurance

    Yashish Dahiya CEO, Policybazaar.com

Posted By: guest:

i have a LIC jeevan anand policy which i have run for 4 years 5th year i couldt pay the premium, so the policy has lapsed should i continue the policy or withdraw it.

Posted By: Yashish Dahiya

: If you are looking for guaranteed returns then you should continue with the policy, if you want higher returns & are willing to take more risks with your investments you could opt for ULIPs or Mutual Fund which give 12-15% returns over a 10-15 year period.

Posted By: guest:

What is the amount I should be insured for? at the age of 30

Posted By: Yashish Dahiya

: If you are talking about health insurance. Then ideally you should look at buying Rs. 5 Lacs cover and in case, you are married and want to add spouse, 7-10 lacs cover is advisable.

Posted By: guest:

which is best LIC term insurance plan without any investment benefit.

Posted By: Yashish Dahiya

: LIC has only one term plan i.e eTerm. If you are specifically looking at buying term insurance, then you can also explore options from other private players such as ICICI Prudential-iProtect Smart, Aegon Life-iTerm, Max Life- Online Term Plan Plus, HDFC Life- Click2Protect3D Plus etc.

Posted By: guest:

Hello Sir, My Name is Nikhil.......I have invest Rs.101000- in ICICI Prudential Wealth Builder II on dated,03 Aug 2015. Now My premium payment date is near 03 Aug 2016. I want to know.... i go continue with this policy or switch it and file claim?

Posted By: Yashish Dahiya

: You should definitely continue with the policy. ULIPs have lock-in period of 5 years. It is advisable to stay invested over your entire policy term as ULIPS over 10-15 years period will easily give 12-15 percent return each year. Hence, your corpus will go substantially

Posted By: guest:

received money on maturity after 10 yr lic. premium was paid lumpsum in 2005.is it taxable.lic deduct 2at source.how to in return.

Posted By: Yashish Dahiya

: Your maturity corpus shall not be tax exempt & you will have to pay tax as per your prevailing tax slab. Tax will not be deducted at source. For maturity proceeds to be non-taxable, the Sum Assured needs to be 10 times your invested premium

Posted By: guest:

Need to buy a term insurance for myself. Age-27,income-4 lakhs per annum, non-smoking,unmarried. Need to buy policy for max years.

Posted By: Yashish Dahiya

: You should take a cover of around 40-60 lacs which is 10-15 times your annual income. Plans you should buy are Bharti Axa Flexi Term which covers you till 85 yrs of age. You can purchase another term plan once your salary grows as your term insurance coverage should always be 10-15 times your annual income.

Posted By: guest:

Hi , i am looking for term insurance for 1 crore, wanted to know which insurer is good to go

Posted By: Yashish Dahiya

: you can also explore options from insurers such as ICICI Prudential-iProtect Smart, Aegon Life-iTerm, Max Life- Online Term Plan Plus, HDFC Life- Click2Protect3D Plus etc.

Posted By: guest:

I am eyeing a term plan..Confused between ICICI and HDFC...which will be better? I am eager to go with that company who will attach my form and the medical test reports with the final booklet.

Posted By: Yashish Dahiya

: Both insurers have competitive plans offerings. The new HDFC term plan Click 2 Protect 3d plus offers life cover with an Accidental death benefit, Accidental Disability benefit, Critical Illness cover against 19 diseases & inbuilt Waiver of premium against terminal illness & disability. The Icici Pru iProtect Smart plan has Accidental Death Benefit cover along with Critical Illness cover against 34 illnesses.

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