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    DEEPAK YOHANNAN

    Why can your insurance claim get rejected & how to avoid it?

    All health insurance policies have a life-long renewal clause which the regulator has mandated. They cannot be rejected and your pricing cannot go up purely because you have a condition right now. So, certain benefits are inbuilt and benefits that the customer can take, says Deepak Yohannan, CEO, MIC Insurance Web Aggregator

    Is this the time to look at endowment plans? Deepak Yohannan answers

    Endowment plans are a safe mode of investment for individuals who are willing to stay invested for long periods of 12 to 13 years and seek guaranteed returns. Such plans offer returns of up to 6.75%, which, when compared with debt mutual funds and FDs, are relatively higher as the latter are taxed at the individual's income tax slab rate, bringing down the returns to 5%. Additionally, endowment plans are completely tax-free if the collective annual premiums are not greater than Rs 5 lakh.

    How senior citizens aged over 65 years can get optimal health insurance at reasonable cost

    The new plan, Arogya Sanjeevani Policy, will not serve the purpose of those above the age of 65 or those who need a larger insurance cover. The cover is capped at Rs 5 lakh. Thus, it’s time to explore some options.

    Deferred payout from insurance plans is tax free: Should you invest in these plans?

    Though deferred insurance payout plans are tax-free, investors should consider several other factors before investing in them.

    Unwanted endowment policy: Should you surrender or convert to paid-up?

    With tax-saving deadline bearing down on investors and offers of insurance-cum-investment policies pouring in, most buy traditional endowment plans.

    Here's what to do with an endowment policy that is proving to be a drain

    With the tax-saving deadline bearing down on them and offers of insurance-cum-investment policies pouring in, most investors succumb and buy traditional endowment plans.

    The Economic Times
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