FAQ

Unfortunate events such as baggage loss, passport loss, a medical emergency or an accident can affect your travels, whether for business or leisure. International Travel Insurance protects you from such perils by ensuring that you are not left stranded in any kind of emergency.

This is one of the most asked questions before purchasing a term insurance policy. Before purchasing a term insurance policy a potential buyer should always consider a suitable sum assured. It is advised to opt for a sum assured which is 10-15 times your annual income considering the number of financial dependents, financial liabilities, debts, expenditure and current lifestyle. You should consider a sum assured which will help your family fulfill their daily expenses, pay off your debts, maintain a healthy lifestyle and achieve their goals in your absence.

Most insurance companies offer term insurance plans that provide coverage upto 99 years of age. People often buy term insurance to replace the financial resources for his/her family members in case of unforeseen demise of the life assured. It is advised to purchase a term insurance plan for a longer period of time to keep yourself and your family financially protected against the uncertainties of life.

Often this question arises while purchasing a term insurance plan, to purchase a right term insurance you must browse several plans to know which plan best suits your requirements under your pre-defined budget. You can compare term insurance plans on the basis of claim settlement ratio of the insurance company, coverage amount/sum assured, what is covered and not covered under the plan.

Term insurance is a kind of life insurance policy. There is not much difference as both these insurance policies provide a death benefit in case of an unforeseen demise of the life assured during the policy tenure. The major difference is, that life insurance policies provide a lump sum in case the life assured survives the entire policy tenure, not all term insurance policies provide this benefit.