About Life Insurance

Commanly asked questions about life insurance 

What is life insurance?

Why do I need life insurance?

What are the types of life insurance policies available in India?

What is term insurance?

What is endowment insurance?

What is money-back insurance?

What is whole life insurance?

What is unit-linked insurance?

What is group insurance?

What is a rider in a life insurance policy?

What is accidental death benefit rider?

What is critical illness rider?

What is waiver of premium rider?

What is income benefit rider?

What is the grace period for paying premiums on a life insurance policy?

What is the maximum age to apply for a life insurance policy?

What is the minimum age to apply for a life insurance policy?

What is the minimum sum assured in a life insurance policy?

What is the maximum sum assured in a life insurance policy?

What is the premium payment frequency for a life insurance policy?

What is the premium amount for a life insurance policy?

What factors affect the premium amount of a life insurance policy?

How do I calculate my life insurance coverage requirement?

Can I change my life insurance policy during the policy period?

What is the policy renewal process for a life insurance policy?

What is the grace period for renewal of a life insurance policy?

Can I get a refund on my life insurance policy if I cancel it?

What is the surrender value of a life insurance policy?

What is the maturity benefit of a life insurance policy?

What is the death benefit of a life insurance policy?

What is the nomination in a life insurance policy?

Can I change the nominee in a life insurance policy?

What happens if the nominee dies before the policyholder?

What is the claim settlement ratio of an insurance company?

What is the claim settlement process for a life insurance policy?

What is the claim intimation process for a life insurance policy?

What is the cooling-off period in a life insurance policy?

What is the free-look period in a life insurance policy?

What is the waiting period for suicide in a life insurance policy?

What is the waiting period for specific diseases in a life insurance policy?

What is the geographical scope of a life insurance policy?

What is the difference between life insurance and term insurance?

What is the difference between life insurance and health insurance?

What is the difference between life insurance and mutual funds?

What is the difference between life insurance and pension plans?

What is the difference between an endowment policy and a money-back policy?

What is the difference between a single premium policy and a regular premium policy?

What is the difference between a participating policy and a non-participating policy?

What is the difference between a guaranteed policy and a non-guaranteed policy?

What is the difference between an individual policy and a group policy?

What is the difference between a level term policy and a decreasing term policy?

What is the difference between a traditional policy and a ULIP?

What is the difference between a child plan and a regular life insurance policy?

What is the difference between a joint life insurance policy and two individual policies?

Can I get life insurance if I have a pre-existing medical condition?

What is the waiting period for a pre-existing medical condition in a life insurance policy?

What is the medical examination process for a life insurance policy?

Can I buy life insurance online?