Can we extend term plan period after completion of the term fixed before?

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 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 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 November 02,2021
  If the difference between a term plan and a return of premium plan is 700rs per month for 40 years, for a same cover, is term plan still a better one?
  Dear  Yes , term is always better . Why should you pay extra . Save the money in mutual fund and ...
  
  1 0 21
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on January 24,2022
  Can a house wife earning rental income and filing IT regularly take term plan? If yes which one?
  No , she can take term plan on basis of passive income . Rent is considered passive income because ...
  
  1 0 385
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on October 27,2021
  If there's no death in those 20 years of term plan, will the premium be returned? What happens to the money we pay as premium?
  Dear  Insurance works on the principle of pool creation and contribution . Insurance company only manages the pool . So if ...
  
  1 0 65
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on November 11,2021
  Can I upgrade my term plan in future when I am able to afford(spend) more to it?
  Dear  No , each additional sum assured need fresh underwriting . Today , you are being insured as per your health ...
  
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• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on February 21,2022
  If I buy term plan till the age of 65 and if my death is natural before the age of 65 then would my family get the covered amount?
  Yes, that is the purpose of term insurance. Money on death and nothing on survival 
  
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• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on June 09,2022
  Can I take term plan on the base income generate from rental and interest on fix deposit?
  No , rental and interest income is not generated income hence can not be considered as basis for calculation ...
  
  1 0 43
• 
  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.
  
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