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Term life insurance is a type of life insurance that provides coverage for a specific amount of time called the term. Term life insurance premiums are based on age. The amount you pay will depend on factors such as your age, health and the length of your policy...Read More
Yes, Life insurance premium payments are tax-deductible in India. The amount paid towards purchasing a life insurance policy and the premium paid towards it is tax-deductible as per section 80C of the Income Tax Act 1961.
Yes, you can cancel your life insurance policy. There is a cooling period or free look period of 15 days from the date of issuance of the policy. You can cancel your life insurance policy during the free look period without any penalties. If you wish to cancel your policy after the free look period, a pro rate premium would be deducted by the insurance company and the remaining amount would be paid to you.
Yes, you can get a term plan at any age but the premium for a term insurance plan increases for an age of 50 years and above
Yes, you can buy a life insurance policy for your parents. To Get a life insurance policy for your parents, you will need their permission. Without their consent, you can’t buy a life insurance policy for your parents. The type of policy you purchase will depend on the parent's financial condition, age, and health status, etc.
Yes, if you have liver disease you can buy a critical illness insurance plan. A good critical illness insurance policy covers you against expenses incurred on the treatment of liver diseases.
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