i have saving bank account in nationalized bank. they offered term insurance policy for all sb a/c holders. I have taken that policy. but they are not issuing any policy documents for that. Premium is continuously going on from my a/c. if anything would happen to me & my nominee can claim that amount through bank and particular insurance co. is this better one or dumb for selecting these kind of plans? bocz i don't have any policy documents and have only bank a/c statement. Friends plz guide me.
Re: Saving Bank account offers Term Policy:
by Raghunathan N on Feb 12, 2011 05:31 PM
Banks usually issue a card mentioning the policy number, date etc. This should be sufficient for a claim.
As these are Group policies, you get a better cover for a very small amount. If you have to take a cover yourself for same amount, may need to pay more than 10 times the amount.
i have saving bank account in nationalized bank. they offered us term insurance policy for all sb a/c holders. I have taken that policy. but they are not issuing any policy documents. Premium is continuously going on from my a/c. if anything would happen to u & ur nominee can claim that amount through ur bank. is this better one or dumb for selecting term policy? Friends plz guide me.
I have gone through the suggestions for investment, i think you have covered all possible ways of managing money and future. Thanks for the same hope information is useful to many. Aswath Reddy.B
Provident itself takes away something around Rs.70000/- for most of the employees and the remaining is a very meagre amount of Rs.30,000/-. Govt. must consider revising the 1lakh figure to atleast 2 lakhs.
Please don't just drop names like SCSS, equity exposure, ELSS. Explain them a bit. If everyone was as wise as the writer then don't need to read the article anyway!
