FAQ
Frequently
Asked Qustions
It is recommended to opt for life insurance if you have dependents, debts, or want to secure your family’s future, especially with India’s rising costs.
You should review your life insurance needs at least every 2-3 years and more frequently as you reach 40 years in age. Also you should reassess your policy after major life events like marriage, divorce, the birth of a child, a new job, a promotion, buying a home, or significant changes in income or debt. These events may necessitate adjustments in coverage to protect your dependents or financial obligations.
If you stop payingaThe amount of life insurance you need depends on your financial obligations, income, and dependents, typically recommended at 10-15 times your annual income. Consider factors like loans, living expenses, and future goals (e.g., education or retirement) to ensure adequate coverage. Consult your insurance broker to tailor a plan based on your specific needs and circumstances. insurance premiums, your policy may lapse after a grace period (15-30 days), leaving you unprotected against risks like medical costs, vehicle damage, or property loss. You may lose benefits, face financial or legal consequences, and need to pay overdue premiums with interest to revive coverage. Contact your insurance broker immediately to explore revival options or new policies tailored to your needs. Their expertise ensures you stay protected.
Insurance brokers works to serve you (Clients) and your interests, helping you navigate the wide range of policies from different insurers to find the right coverage, at right price for you
YES, very much. Insurance brokers are regulated as per broker code of conduct laid down by Insurance Regulatory Development Authority (IRDA) of India.
If you stop paying insurance premiums, your policy may lapse after a grace period (15-30 days), leaving you unprotected against risks like medical costs, vehicle damage, or property loss. You may lose benefits, face financial or legal consequences, and need to pay overdue premiums with interest to revive coverage. Contact your insurance broker immediately to explore revival options or new policies tailored to your needs. Their expertise ensures you stay protected.
Customer centric approach to understand the needs, Acces to leading insurers, Transparent pricing, Due assistance with claims