Can a house wife earning rental income and filing IT regularly take term plan? If yes which one?

Related Questions

• 
  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 November 17,2021
  If I die after just 2 years of life term insurance, am I guaranteed to get the full amount?
  No , as per Section 45 a claim can not be repudiated after payment of 3 annual premium and ...
  
  1 0 140
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on December 17,2021
  If i bought a term life insurance and I end up paying till maturity age. What's my benefit then ? will I get any premium ?
  Dear  Pure Term Insurance offer sum assured on death only and nothing is payable on survival . However , there are ...
  
  1 0 42
• 
  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
  Is it possible to have multiple term life insurance as salary increases and if yes then is it possible to claim from all if something happens ?
  Yes , one can have multiple insurances and all claims are payable . Please ensure that all insurances policies ...
  
  1 0 26
• 
  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
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on September 17,2022
  If I buy a term insurance plan from any insurer and unfortunately the company gets shutdown in the middle of term then what happens to my insurance policy, will it be active or not for the entire term?
  Dear As per Insurance Act , no insurance company can  shut down . At the most , another company would ...
  
  1 0 144
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on December 21,2021
  If a person dies abroad, will term insurance taken in India is still valid? and sum assured will be given to nominee in case of death?
  Yes , term insurance is universal and claim will be paid in case death happens in foreign land . ...
  
  1 0 392
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on December 11,2021
  If we take insurance of two companies, will we get the claim of both companies if we get sick?  
  Dear  Health insurance works under the principle of indemnity and you will be compensated to the extent of loss only ...
  
  1 0 0
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on October 20,2021
  Can we have 2 term insurance like one from company and one personal?
  Dear  Yes you can take multiple covers but ensure that all previous policies are declared to new insurer else it ...
  
  1 0 40
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on November 20,2021
  PNB metlife super saver plan with health benefits plan me invest karna sahi he kya?Ye tax benefit deta he kya? 80C and 80D? Ye plan income tax section 10(10d) me add he kya?
  Dear  PNB Super Saver is a good plan keeping in mind various options available but each rider has a cost ...
  
  1 0 370
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on November 24,2021
  If I take a plan now and if I am not able to afford the plan for a higher premium, so after a few years can we take another term plan. Basically, can I take two plans?
  Dear  Yes , you can buy as many plans as you wish . But ensure that you are sharing details ...
  
  1 0 27
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on February 14,2022
  If I opted for an Endowment plan of 1 crore cover and nothing happens to me in the covered period, does the insurance company returns 100% of the amount I paid all these years after the maturity of the policy?
  Yes , that is the meaning of endowment . On maturity , you receive guaranteed sum assured along with accrued ...
  
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