my term insurance application is repeatedly getting rejected due to personal and family medical history. should I try for term insurance after few years or go for ulip plan
@@mrshankha88 Bhai some what ur right but it's a win win for all Mera hesab se bcoz ab policy bazaar vale bhi apko koi bhi policy nahi sale kar payega.. like now we all have multiple parameters to judge a company and also know from where to get accurate data with government approved numbers...and ese m kuch fayda inko mile so what's worng in that it's a win win u get right policy and policy bazaar get some business.
Perfect point sir where these sales person give you false no's saying that you will receive so and so amount and when we actually see the benfits its really a waste of money we even buy these policies, I was also scammed by Bajaj Allianza sales person in buying such policy about 8 yrs now when I check the actual amount that I would get was just 2L , but when they sold the insurance they said after 10 yrs I would get a amount of 7,20,000 So I guess the customers who buy these policies should be more aware of these kind of scams that they do from the sales target reaching perspective
Why can't Govt make a standard list of health checkup tests that one has to go through before taking term plan ? That way later no company will be able to reject claims for customers.
Hi LLA team. Just for info I have applied for a term insurance in Tata AIG through policy bazar. It's more than a month and still pending. I gave physical medical checkup. Now they say still some check is pending. When I visit to the center they are saying. You have to give all the test again. I complained multiple times but no response of proper update at their end also I changed the policy couple of things but still not reflecting. They say it will reflect after policy is complete. I am tired of complains and calls for this. I don't want any medical checkup again when the insurer is saying only one pending then why to give full checkup again.
Great video by LLA. Mai apna Experience share karna chahunga jaha mujhe 5 lakh ka claim reject kar diya jata agar mai LLA ka video dekh ke aware nhi hota. 15 march ko mere pita ji hospital me admit hue, Niva Bupa ka insurance tha maine TPA desk me diya processing karne ke baad cashless approval aagyi. Treatment chalu hua, initially laga 2-3 din me discharge de denge. Situation aur critical hone laga har roz bill amount 70 K aane laga, Ab mere pass health insurance hone baad bhi hospital mere family ko cash deposit karne ko bol rahi thi. Yaha pe mai samaj gaya ye log humlog se paise lena chahte aur reimbursement karne ko bolenge. Maine bhi TPA me bol diya ki NIVA Bupa agar cashless approve kiya h to paise kis baat ke aur Niva Bupa agar reject kar diya h to mujhe letter do baad me dekhta hu. Ese karte karte 04th April ko father ka death ho jata h. Niva Bupa ka base plan bahut pehle comsume hogya tha maine hospital ko baar baar bola tha top-up policy se approval maango. Hospital ne ignore karte rahe. Jis din death hua usdin hospital ne topup ke liye approval manga Niva Bupa se. Niva Bupa without any reason reject kar diya. Maine dekha mere email pe do claim no aaye the. To duplicacy ke ho sakta h ek reject kiya ho. Abhi bhi ek claim ka approval nhi aaya tha. Bahut baar phone kiya unke consumer care me koi thik idea nhi de pa raha tha. Hospital to reject claim aane ke baad shuru hogya ki aapka reject hogya h claim. Maine unko kaha Maine payment kardiya uske baad approval aagya to mere paise refund honge, hospital se kaha nhi refund nhi honge humlog niva Bupa ko mail kar denge ki ye bill close hogya h. Main subah 8 se dopahar ke 2 baje tak wait kiya. Last me 5 lakh rupees payment kar di. Discharge leke formality karke ambulance me nikal gya. 3 baje ke karib Ek message aaya mobile me ki 3.5 lakh ka approval hogya h. Us samay mai kuch nhi kar sakta tha. Sab kriya karm ho jaane ke baad 8 April ko maine reimbursement ke liye file kiya. Reimbursement me NiVa Bupa bol rahi h humne to cashless de diye h aapko 3.5 lakh Maine kaha Maine payment kiya h 5 lakh. To niva Bupa boli hospital se aap wo 3.5 lakh ka claim cancellation letter le aao 20 din ke andar nhito reimbursement reject ho jayega. Hospital mere cancellation letter nhi dena chahti thi. Maybe wolog dono side se paise kamana chahte the. Ye mai kolkata ka bara superspeciality hospital ka baat kar raha hu. Har baar wo log bolte kal dunga parso dunga. Mai telephone pe sab record karta raha. Maine mail kiya koi reply nhi diya. Mail me niva Bupa ke taraf se cancellation letter maanga wo bhi bataya. Maine hard copy me bhi letter likha with all supporting documents. Koi fayda nhi. 24 April hogyi maine socha ab consumer forum jaake cheating ka case karna parega. Lekin uske pehle grievance cell me mail kiya with all proof. Grievance cell ka hill gya ki itne saare communication ka koi reply nhi diya gaya h udhar se mujhe phone aaya usi din mere cancellation letter mila. Maine niva Bupa ko diya cancellation letter 24 April ko mera paisa wolog 15 may ko diya. Uske baad Niva Bupa ka torture chalu hua. Jo disease mere pita ji ko nhi tha wo sab leke mere locality me ulta sidha bolna shuru kiya mere se long statement liya sabke baare me. Jab ki investigation base policy ka ekbaar hogya tha hospital me hi. Phirse dobara topup policy ke liye same investigation kar rahe the. Phir ek din wolog ne hadd paar kardi. Mere ghar ke pass aake ulta sidha bol rahe the. Maine kaha abhi maarunga tere bahut bardast kiya hu. Pita ji ke maarne ke baad tera bakwas nhi sununga. Jis din usko dhamki diya uske 5-7 din baad final settlement letter de diya. Bahut behuda investigation karti h niva Bupa premium lete samay le leti h, claim pass karne me inki amma marti h. Inka investigation 25 din chala. Last me 15 june ko mereko final settlement letter mila. Bill mera 17 lakh ka hua tha hospital se 12 lakh base policy se aur 5 lakh topup se reimbursement karaya. Thank to LLA insurance ke baare me itna aware tha tabhi 5 lakh ka reimbursement mila nhi to dusra koi aadmi hota to haar maan leta. Mai jaanta tha iske liye mujhe ladna parega. Ladne ke liye LLA se bahut inspiration mila. Ye bhi batana jaruri h mere pass us samay 6 lakh Rs the including shares. Ghar me 5-6 lakh aur the. Baki sab paisa pitaji ke account me tha jiska koi ATM CARD nhi tha koi net banking nhi tha aur koi UPI nhi tha pura paisa atak gya tha. In fact account me koi nominee bhi nhi tha. Health insurance hone ke kaaran financial problem nhi aayi. Nhi to humlog bahut bure situation me fass jaate
Mandeep bhai you didn't mention the most important feature of insurance. Please refer section 45 of insurance act. It clearly specifies that after 3 years of taking insurance or revival, no insurer can repudiate the death claim. So if any insurer rejects your claims after 3 years of policy commencement, you just go to court and quote section 45. But it is a usual practice with private insurers to reject the claim even after 3 years of policy commencement, ignoring the section 45 of insurance act(since many customer are not aware of this section and very few customer take legal action against insurers for rejecting claims) While LIC straight forward pays the claim(whatever amount) if death has occurred after 3 years of policy commencement.
@@nokiaairtel5311 I'm a Manager in LIC and insurance is a very deep subject. I have studied insurance in depth. You will not find everything in video, you can simply search on google regarding this. And one thing I recommend to everyone that never blindly trust any video. All these influencers are biased and paid by companies.
भाई मंदीप, मेरी आत्मा को शांति देने का धन्यवाद l मेरी age 40+ है मैंने TATA का term plan लिया था और उसे कैंसल करना पड़ा, लेकिन मुझे आज भी एक बात सताती है कि tata का term plan लेने के बाद मेरा मेडिकल checkup बिल्कुल सही गया लेकिन, मेरा annual premium amount बिल्कुल डबल कर दिया और tata AIA ने reason दिया "elevated level of enzymes" जो सभी दूसरे doctors ने बिल्कुल नॉर्मल बताया। क्या उस पॉलिसी को cancel कर ठीक किया? मुझे LIC की policy मे बहुत बड़ा dokha हो चुका है जिसका पता मुझे बहुत बाद मे चला। आज की डेट मे मेरे पास कोई पॉलिसी नही है। Please मुझे reply कीजिये
Taking Term Insurance means you cant do anything (Drinking, Adventure Rides) + additional maintenance of health records to prove cause of death. 99% people will not follow this in practical and if 1% people maintain all those then also its not guaranteed that the claim will pass easily by just submitting the form. I think good investment in Mutual Fund/Stocks + Health Insurance are much better then Term Insurance, as the Term Insurance are also become very expensive after COVID.
Absolutely loved the straightforwardness, Logical approach, the setup, background score & most importantly the whole content.👍🏽 I have seen this channel grow from past so many years & wish more success to your team.✌🏽 You guys are actually being transparent & clear about your suggestions & not like others who leave the audience in ambiguity. Thanks a lot for all the informative videos & all the efforts. Keep growing and doing such a great job.👏🏽
See this person is biased. Never talked about LIC JEEVAN UMANG. He take money from companies and make biased video in there interest. Or else y would he linked the links of policy bazaar. N didnt talk abt the best lic plan. Bt no. He get money n spill biased script. Unfortunately i have to unfollow him.
Mandeep 1 year ago - Claim settlement ratio is useless, see claim settlement by amount… Mandeep Now - Claim settlement by amount and all are useless… 😅😅
😅 I took Term Insurance from Policy Bazaar after watching your previous Term Insurance guide video just an hour ago. Hopefully this video doesn't make me regret 🥹 --------------------------------------------- I indeed made a good purchase, this video and their other insurance guide video, are the only videos anyone would need to get complete clarity about insurance and term insurance in general. They're very detailed, Mandeep has explained pretty good. Follow everything to the point, you'll be set.
@@shepuchibhajiTook HDFC Life, followed every instruction of Mandeep 😅 I guess I made no mistake. But yeah please choose according to your condition. I'm 23, my premium is satisfactory and after talking with agent I got all my doubts cleared. Also clearly informed I want in-person physical examination. It is yet to scheduled. LLA Rocks ❤️🔥
What about Section 45 of the Insurance Act? It says that any insurer cannot deny claims for any insured after the initial 2-3 years (Except in fraud cases). All insurance companies will surely thug you but you need to maintain all the records correctly to avoid claims getting rejected.
Absolutely genius work guys. Mandeep you are really too good with your research and understanding of the topics. Hats Off guys. You are doing a great job !
You can thank me by saying Jai shree Ram .. 😃 1. Instead of buying 2 cr policy from one vendor break it into 3-4 policy of 50 lacs.. then probability of payout becomes 100% why.. i have seen the data where even big companies try to reject the policy of higher amount but they tend to pass small amount without creating any hassle .. unko 1-2 crore jyada lagta hai so usually they pass 30-40lacs with 100% CSR .. so buy 3-4 policies from 3-4 vendors and cover milega aur claim bhi pass hoga.. 2.. There is a regulation where if any indian insurance company doesn't reject any policy within 3 years of first issuance of the policy where they were to identify the bad intentions of customers like frauds, minor health condition etc. then companies are liable to pay the money.. irda says you had 3 years to investigate if you have failed to do so then you have to pay.. exact wordings yaad nhi .. par 3 years wale clause k saath ek regulation hai ...
I am using Tata AiA, the experience has been smooth so far. The best thing I like that they Give Practo Annual membership for free, Which makes the premium worth it. I feel like I am getting something extra out of my term insurance orher than security.
I don't know even a single person jise ye paisa mila hu but i know 5 people jo case lad rhe hai claim ke liye from years 😂😂 Sab bakwas hai ,paisa loot rahe hai sab.... Koi aise nahi dene wala .claim is a myth. Kuch na kuch policy wale panga nikal hi dege ,unka kam hi ye h sala . Dont buy term insurance Just invest and save for ur future.
I struggled like anything for 6 months with Max life insurance to add a rider to my term insurance. Their service was so bad that I couldn't add a rider and ultimately had to stop paying it. Policy bazaar openly says they will help, but they didn't. So I have stopped believing all these scammers. They are here only for our hard earned money.
One piece of advice for all policy buyers from policy bazaar, don't purchase a policy on call if the executive insisted. Wait do some research, compare and then go for it. If by mistake you buy the wrong policy you can switch it before issuance of it and cancel it. They mentioned 30 days freelook cancellation period. In that free look cancellation if you cancel the policy then you have to pay the stamp duty, GST, and body check-up charge if any. They will not refund the full amount. Also be aware that if you are insisting on a specific insurance company from a policy bazaar, then there is a company-wide team to sell policies from a policy bazaar like ICICI and Max Life. It's my observation and I faced one bad experience from Policy Bazaar. If you want to buy a policy then they will call back to back. Once you buy and raised some issue against them they never call back to you. Every time you have to request a callback.
Same brother, Today only the guy was forcing me to take saying, sir isde jyda jaane ko kuch ni h maine link bhej dia h kaise payment kroge, maine bola bhai force mt kr to usne seedha call kaat dia. Policybazaar wale aise show krte h ki ye koi commission ni le rhe h charity kr rhe h. Bhai tumhara business h, tum profit bna rhe ho eshan ni kr rhe. Upr se koi competition ni h tumhe. Bhut tang krte h bhai ye pr fr LIC me agent pe kaise bhrosa kre wo bhi h..
Yhi same mere sath bhi hua mene policybazaar se Tata aia ka Ulip plan liya or free look period me cancel kiya to bhi 4841 me se muje sirf 1237 rupye refund kiye
Sir, please check onto the dedicated policies for cancer care, heart care etc. these options are much more better than taking the critical illness cover in term plan. Would request you to please make a dedicated video on this since there is no awareness in this topic. Please do the needful.
Good one Mandeep. I am glad you collaborated with Policy Bazaar. You are a few of those influencers who don't do unnecessary advertisement keeping your credibility. Huge respect 🙏🙏🙏
Plz help me guys, I took Max life insurance direct from max. I paid monthly premium 3 days back, I was asked to help the medical team coming to collect the samples next day after my proposal till date no one has come, no intimation yet. The agent is now asking to go 29km for medical test. I called and Connected with medical team. They are saying for treadmill test. I have 1yr kid. Already informed them. Now they arr changing. I am asking for refund. They are saying 10% deduction then remaining amount in 30 days. Simply fooling me
@LabourLawAdvisor Nice Work! Please make a conclusive video for health insurance aswell. We need a decisive product which we can subscribe for a Long tenure and sleep well each night :)
Hi Mandeep and Rishab, I have some questions about Mutual Funds (Any type of Fund e.g Index, Flexi, etc) 1. If I invest in MFs through Zerodha Coin, Upstox, Groww, Angel One, then my all holdings will store in my Demat Account and If I invest in MFs directly through MF utility/ AMCs websites then it will store in Statement of Accounts (SoA). Correct or Not? 2. Can I transfer all my MFs holdings (including Index, Flexi, ELSS etc) from my one demat account to my another demat account, (Both CDSL to CDSL, NSDL to NSDL, CDSL to NSDL or vice-versa) or is there any tax on that or not ? 3. Or is transfer possible for both types, means SoA and Demat Account? Please brother help me. Thanks!
1. MFs bought from Coin app (and most likely upstox) will go tp your demat account (cdsl) and almost all other apps liks groww, kuvera, etmoney will go to SOA. Not sure about angel one as i havent used it. 2. In theory, transfer of securities between 2 demat accounts is possible, both cdsl to cdsl and cdsl to nsdl (vice versa). But in practice the process is super abysmal, tedious, and frustrating. For CDSL, you can start by making and "easiest" account on their website and from there you can transfer securities. I have tried doing that but for me it didnt work, CDSL didnt send me the login credentials for my account and i couldnt move forward at the time. 3. i dont transfer between soa and demat is possible
@@LabourLawAdvisor Thanks brother! 1. I understand that where my holdings will be stored if i invest through coin, groww etc. 2. Great! means whether the process is tedious but I can transfer my shares (stocks) and MFs holdings to my another demat account from my existing demat acc. --Is transfer of shares and MFs taxable or not? 3. I cannot understand what you said brother, I asked that can I transfer my MFs holdings SoA to SoA, SoA to Demat or vice-versa? Btw, Thank you brother for the help in the previous problems!
Mandeep bhai ek sawal hai. Mein apna term pla ka sab conditions padh raha tha waha section 45 karke kuch mention hai. Aur jab pata lagaya to ye pata chala ke term insurance ke case mein Ek defined time frame ke baad claim rejection nahin ho sakta? Is my understanding correct? Or am I missing any catch?
Is life or health insurance a scam for those who have no dependents? I'm 22 years old working in IT sector. Parents are government employees with health insurance. I'm also thinking of shifting abroad.
Hdfc ergo health insurance is soo good recently I got an claim too quickly he just told us too give medical test and papers we just send them and he asked 3 4 questions and we just got claim in 1 hour
Hey guys! There's a random grey blob in some parts of the video, near the lamp. Please ignore that. Todha edit me idhar udhar hogayi layers, Agli baar se dhyaan rakhenge! 🙈 - Rohan & MMM
Policy bazaar me Free look cancellation jesa kuch bhi nhi hota he. Mene 1 August ko ULIP plan liya or fir Mandip Bhaii ka video dekh ke use same day hi cancel ke liye mail daal diya policybazaar me uske baad bhi 9 August ko unhone policy issue kr dii or fir bolte he ke policy issue hone ke baad charge lagta he to wo charge company ne kata he mera premium 4841 rupye mene pay kiya tha or usme se muje sirf 1237 rupye hi muje refund kiye. Froud saale
Hi Mandeep very informative video. I have 2 questions. 1. What if I starts smoking/drinking 10 years after taking policy? Will my claim be rejected? 2. From Which company did you take policy😅?
Jab bhi mein policy lena ka sochata hun aapki new video aa jati hain.... Or upar se meri annul income 2-2.9 ki category mein aata hun... To achhi company miltai nahi... Upar se premium bhi costly please solve this issue..
I think no one should take risks in terms of life insurance, only go with a reliable company like LIC. But don't take it through Agent. Take it through online mode. I took the LIC tech term plan (now known as the New tech term plan). All the formalities got completed in just 1 month. It costs me 10178 Rs per year for a 1 cr plan at the age of 26. Note: Now the plan price might increase.
People should buy insurance from directly from companies website. There they get huge discount on premiums & all information too. Since you are money minded you are earning some money for policy bazar but if 10% viewers bought policy from policy bazar than imagine how much amount of money of people you will waste for policy bazar commission. That you don't bother because you are money minded.
Hi @Mandeep, when choosing a company, should we also factor in our location and offices of these company within the city of residence? For example, where I currently reside, there is only one Maxlife office available, whereas ICICI and HDFC have a wider presence with multiple branches. However, I have a strong preference for Maxlife despite their limited physical presence in my area.
Literally aap bol rhe ho policy bazar ko apna number de do? Seriously? Bol dete sponsored hai time waste nhi krta. Next time kabhi blindly bharosa nhi krunga iss channel pe
Mandeep kya mujhe 1cr k term plan k saath bhi health insurance plan lena chahiye kya ? Mene recently tsta aia vitality term plan liya hai 1cr ka apki last term plan wali video dekhne k baad
Sir some days before I am getting suggestions of some items on Amazon. And these suggestions are coming from listing our own talk without our permission. And my mobile phone shows that someone is using your microphone then I searched for it it got Amazon is using my microphone every time. Even I restrict the permission of microphone. Plz give some solution for this problem.
Mandeep Bhai aap jo information dete ho isse bahut help hota hai. Kuch din pahle hi Bank Gaya tha wo apna policy chipka rahe the fir aapke bataye sare topic aur calculation unko pucha to unki bolti band ho gai
Sir please 🙏🙏🙏guide me about hdfc Sampoorn nivesh policy 2k monthly pay 10 year life coverage 10 lkh 20 years maturity given 14 to 17 lakhs I want to invest in sip mutual fund 15 to 20 years which is best for me or which mutual fund or index fund is best for me . Who is better for me policy or matual or index fund
I literally took Term Insurance today( for future viewers, the day video was launched) after watching Mandeep's other videos. I am glad with my decision. Thanks Mandeep and thanks LLA.
This video and last one on Term Insurance,both are VERY INCONCLUSIVE. You should have listed the preferred companies as per your filter criteria. But definitely 👍👍
He did mentioned 3 companies....HDFC, Max life and Tata....... further more you can identify the best policy from these based on that one additional step which he suggested at the end
Thanks for this video. Your 1st line about "Claim Settlement Ratio" clinched it as that was exactly what I was shown and I didn't agree with the advisor. Your video has given us the ammo we customers need to fight ridiculous proposals from agents and also basis this decide which agents are good (trustworthy) and who are not. Thanks for this! Keep us the good work.
Thank you for your deep drilling on this important decision making topic. Particularly your points of maintaining medical records every six months and sharing with family gave me the true peace of mind and a closure on this brain storming topic by making it a simple yet powerful routine. I also deeply appreciate that once you keep tabs on imp topics you follow it and share your views, facts and findings.
Went to so many channel and even some of the popular ones are not explaining everything and somewhat making me confuse but this channel is all you need for money related things and Mandeep is legend. His extensive research and easy to explain ability just nails everytime.
HDFC postponed by policy for no reason and now when I applied from Max life they said we can’t issue you a policy because HDFC rejected your policy once. How is this fair? I’m perfectly fine and have no issues but still they refuse to issue a policy to me. There executive made me reveal the HDFC policy details and now they’re saying you shouldn’t have done that. Can someone please help?
Mandeeps view on LIC tech term is absolutely ON point.. The website and interface is so obsolete.... I have this plan but the struggles to get this was real....imagine requesting OTP like 10 times just to access the form page ...you bet my exposure to windows 98 came to help,,, felt like a Spartan the day policy was approved... PS I applied for this in July 22 and the policy camw in force in Nov ...
Hi, Mandeep, LIC has launched Dhan Vriddhi Policy ( Plan 869 ). In which they have mentioned guaranteed returns. Can you make a video on Dhan Vriddhi policy VS Nifty Index Funds? I think if we invest in Nifty index Fund for 18 years assuming Nifty will give 10% returns / annum, then one can make excellent returns than LIC's Dhan Vriddhi Policy. Thank you.
you are comparing Mango with Potato. Like Mango generally teste sweet, same way is nifty. But sometimes Mango also taste sour because of the season or other factors, same is with nifty if you prematurely pluck it. Potato is Guaranteed Returns. It will taste the same throughout the year, no matter what season it is. Throughout the world, it will taste the same. We need both Mango and Potato in our diet for a healthy living. LIC Dhan Vriddhi is giving higher interest rate than Bank FDs. That's why it is a closed ended plan which is available for sale only upto 30/09/2023 My advice to you will be to invest in both if you have funds. If you have a limited amount of money, then choose according to the season of your life
Sir I have following you since long time. I have a query hope you could answer. Query - what should I select "jurisdiction of residence in case of seafarer (merchant Navy) and TIN. Because seafarer (merchant Navy ) to ship pr rehta hai and jurisdiction of residence mein cpuntires name ate hai. Please sir amswer
Thanks for the video. I purchased a term insurance last year and your older videos helped me a lot in deciding the insurance company i wanted to go with. I got max life. For someone who wants to secure their wife and children, i would recommend taking insurance under the MPWA 1874.
@@AKASHSHARMA1994 correction, its MWPA 1874. In short, the policy amount will be paid to your wife/ children. No bank or financial institution can claim the amount even if you have debts.
Is Tata Smart Sampoorna Rakhsha a Good Term Plan… Please reply as I one of an oldest subscriber pf your channel and learned a lot from your videos. Keep It Up Brother.❤
Term u mean term insurance ? Its always advisable that u never ever try to make money from ur life/term insurance, so u should not take ulip like term insurance ever
If at the time of taking insurance hypertension is not there but after few yrs hypertension develop,Will we have to disclose these things to insurance compamy???@LLA
Hi Mandeep, agar kisi ko Rheumatoid Arthritis ho jaye and after 2-3 years, uski reports clear ho to kya insurance mil jayega? And more importantly, kis premium par? Normal ya phir someone who had this condition in the past but ab reports clean hai with normal RF factor and normal CRP level
Sir please make a video on MLM scam !! People are not understanding the scam, and even sensible persons are following such schemes. Please make a video about it. And give a solution.
Hi Guys, To avoid Claim rejection, if I buy Term Insurance from 3 different companies. If 1 of them issues the amount then the other companies won't have any Logic to reject the Claim right ? In that case we can buy a small Term Insurance from LIC and buy big Term Insurance policies from Private provider. Won't that help to achieve the best of both worlds ? Is there any risk with this Approach ?
Mandeep Bhai, maine Max se term plan liya hai 1.5 yrs pehle aapka video dekhne k baad, but medical checkup me hypertension nikal jis wajah se mera 1cr ka premium 16k se 24k ho gya regular pay me. To kya kal ko agar hypertension ki wajh se mujhe kuch hota hai to mere familiy ko claim milega ki nahi? Mujhe kya krna chahiye?
Sir , kindly make a video on the educational base term insurance. Because lots of companies are not accepting 10+diploma. & Agents putting higher qualifications for getting low premium term insurance. is it safe ? It could be the reason for claim rejection ?
Most standard term plans in the market offer cover only to graduates with a minimum salary requirement. However, if you have done 10+2 or 10+diploma, you might be eligible for cover if you have higher annual income such as at least 10 lakh/ annum. It is not safe to lie about your educational qualification or income in the proposal form. It amounts to misrepresentation and fraud and can lead to rejection of claim.
Please inform properly that this is all needed only if there is an early claim If you have crossed more than 3 years of policy premium paying term, then the claim is settled.
Well said about lic tech term plan. Its worst I applied online last year. They are very lazy in process and no body help on mails or calls. Later I asked for refund after 3 months as still it was mot processed completely
Hi, Is this true? Since I am about to buy the LIC term plan in next few days. If your statement is true then I will have go for only Private Insurers. Kindly revert what exactly is the problem?
