Your doubts, answered
Comprehensive insurance for an old bike or car: can you get it, and what changes with age
Yes, old vehicles can get comprehensive cover (IRDAI 2019). How IDV, parts depreciation, NCB and inspection after a lapse work, with a worked example.
Home loan insurance: is it mandatory as per RBI? Claims, premium refunds, and what if EMIs stop
With a home loan or a loan against property, the lender usually brings up two kinds of insurance. One is insurance on the house or property you mortgage. The other…
Policy loan: can you borrow against your life insurance policy?
Yes, on some policies. If you hold a savings-type life insurance policy that has a surrender value (endowment, money-back, whole life and similar), the insurer must offer a loan on…
Why the Nominee in Your Insurance Policy Matters and How to Change It (Section 39, Sample Letter)
The nominee is the person you name in your policy to receive the money if you die. With the right name on record, the insurer can pay that person directly.…
How to Change Address or Mobile Number in Your Insurance Policy: 7-Day Rule and Sample Letter
If you move house or change your phone number or email, tell your insurer. Under IRDAI rules, the insurer must acknowledge your request immediately and make the change within 7…
Policy Surrender Value: How Much You Get If You Stop a Life Insurance Policy (with Surrender Letter)
When you stop a life insurance savings policy before it matures — “surrender” it — the insurer pays you its surrender value. Your policy’s own surrender value table decides the…
