Are life insurance add-ons worth spending on?

Related Questions

• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on January 01,2022
  Shouldn't we consider inflation while calculating the insurance cover? Because considering a life cover of 30 years or any no of years, inflation will play major role in evaluating the value of insurance cover one has.
  Dear  Sum assured is taken on the basis of your income generating capacity today. In future you may earn less ...
  
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• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on December 07,2021
  Do a person get claims of life insurance upon his/her death in extraordinary conditions like earthquake pandemics or terrorist attacks. Or there are any technicalities to it ?
  Yes Earthquake , Pandemic and Terrorist attack are covered unless force majeure is approved by regulator IRDA . If Force ...
  
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• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on October 18,2021
  If we are taking a life insurance cover of 1 Cr, what should be the average amount for the riders? (Critical Illness and Disability Addon)?
  Dear As per IRDA directive , maximum amount amount on rider can not exceed more than 30% of the premium ...
  
  1 0 50
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on January 05,2022
  In a term plan we are paying premium every month for the coverage but what if a person face death early (say after one year only of taking life insurance) in the period so he has not paid the amount of the coverage so will his family be getting the full coverage amount?
  Yes , claim will be payable .That is the purpose of Insurance to cover the risk of uncertain event ...
  
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• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on December 11,2021
  If a person dies and does not have any life insurance or cover but he was a tax payer, is he eligible for any kind of benefits from IT department?
  Dear  There is no benefit from Income Tax Department , but other countries provide benefits to Tax Payer.
  
  1 0 44
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on April 17,2022
  If my father has already taken an life insurance for me and if I also take another one separately. Is there any problem?
  There is no problem . Please declare the details of old policy when you apply for new . As you ...
  
  1 0 128
• 
  Kalyani Narayanan
  

  Answered on December 06,2022
  Term life insurance policy issue with wrongly mentioned personal history. How can i resolve this issue?
  You have to contact the company and tell them to change it. They may ask for proof. For example, ...
  
  1 0 118
• 
  Robert James
  

  20+ years of experience in IRS matters .
  Is there a way to prevent my sister's estranged father, who hasn't been involved in her life since she was 12, from claiming her and her baby on his IRS taxes this year, potentially leaving her with nothing? He never formally relinquished parental rights, and we're looking for guidance on how to handle this situation.
  Your sister can try to get an Identity Protection PIN for herself; it will be harder to get one ...
  
  1 0 3
• 
  Citizen Helpdesk
  

  Curated Answers from Government Sources . Answered on August 21,2022
  15 വർഷമായി ബാങ്കിൽ (കേരളാ ഗ്രാമീണ ബാങ്ക്) ജോലി ചെയ്യുന്ന ഒരു വ്യക്തി Pink Ration card ഉപയോഗിച്ച് റേഷൻ സാധനങ്ങൾ വാങ്ങുന്നു ഇത് നിയമ വിരുദ്ധം ആണോ ? ആൾക് വേറേ വൈകല്യങ്ങൾ ഒന്നും ഇല്ല normal life ആണ്.
  ബാങ്കിലെ സ്ഥിര ജീവനക്കാരനാണെങ്കിൽ Pink Ration card-ന് അ‍ർഹനല്ല Source: This answer is provided by Civil Supplies Department, Kerala.
  
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• 
  Yasi Klm
  

  Answered on June 09,2022
  ലൈഫ് മിഷനിൽ പേരുണ്ടോ എന്നു മൊബൈൽ വഴി അറിയാൻ പറ്റുമോ?
  മൊബൈൽ വഴിയും അറിയാൻ കഴിയും. Life Mission  ലിങ്കിൽ കയറി താങ്കൾക്ക് പരിശോധിക്കാവുന്നതാണ്.
  
  1 83 1931
• 
  Mana Sachivalayam
  

  Answered on September 03,2021
  Does obc certificate issued by Andhra Pradesh Government in 2017 has life time validity?
  No OBC certificate has validity of 3 years,  It need to be applied freshly again. It is not valid for ...
  
  1 0 311
• 
  Kalyani Narayanan
  

  Answered on December 17,2022
  Is it worth to take term insurance even if my organisation provides me mediclaim & life insurance?
  If you leave your company, your medical and life insurance will stop existing.  Most of the companies do not ...
  
  1 0 36