Frequently Asked Questions

1. What’s the difference between life and term insurance?

Life insurance can offer both protection and savings. Term insurance is a pure protection plan that provides high coverage at low premiums for a fixed period.

2. Can I buy health insurance if I already have a medical condition?

Yes, but you must declare it honestly. Some conditions may have a waiting period before coverage starts.

3. Is it necessary to buy personal health insurance if I already have one from my employer?

Yes. Employer policies may be limited in coverage and end if you switch jobs. A personal plan ensures continuity and better control.

4. What happens if I miss paying my insurance premium?

Most insurers offer a grace period. If missed beyond that, the policy may lapse and benefits will stop until it’s revived.

5. What is a waiting period in health insurance?

It’s the time after buying the policy during which certain treatments or conditions aren’t covered—typically 1 to 4 years.

6. Do I need car insurance even if I drive very little?

Yes. Car insurance is mandatory by law and protects against damages, theft, and third-party liabilities, regardless of usage.

7. What does travel insurance typically cover?

It covers medical emergencies, trip cancellations, delays, baggage loss, and more—depending on the plan.

8. Can I cancel my policy if I’m not satisfied after buying?

Yes. Most policies come with a 15-day free-look period during which you can cancel for a full refund.

9. How much term insurance cover do I need?

A general rule is 10–15 times your annual income, or enough to cover your family's future living expenses, debts, and goals.

10. Can I upgrade or change my insurance policy later?

Yes. You can enhance coverage, add riders, or port health insurance after meeting certain conditions. Always check with your insurer.