Page 14 - Life Insurance
Life Insurance: Amitabh Chaudhry
While applying for a housing loan, can the bank insist I buy a life insurance policy? I already have a term life insurance policy. The life insurance policy normally suggested by a bank while processing for a housing loan is to cover the loan amount you are applying for. This cover normally comes at a low cost and, hence, it is advisable you opt for it. Keep in mind your total liabilities vis-a-vis the cover you have purchased. If your term cover is sufficient to take care of your family needs and pay for the loan in your absence, you may opt out.Since equity markets have become volatile, should I switch from equity funds to debt funds in unit-linked insurance plans? What is the lock-in period and charge for the switch?It entirely depends on your risk appetite. Some choose to switch their funds into a debt fund to avoid further fluctuations. Others feel entering the market at a low point provides substantial potential for an equity upside. In case your investment horizon is long (numb
Insurers keep it simple and interactive
Going digital has transformed the way insurers such as Bharti AXA, Aegon Life and Tata AIA talk to the customer; they are listening more and creating campaigns that plug the communication gaps
 "Insurers keep it simple and interactive")
