Hi,
I am an 31 years old NRI. After readig this forum for quite some time, I decided to go for pure term insurance.I decided to go for 25 Lakhs insurance with LIC Amulya Jeevan.
1. But I am not sure whether accident cover also covers accident in a foriegn country, eg. Flight accidents. FYI, I am also filling the NRI questionare (a sheet of paper to be filled for NRIs). My agent told me that this is sufficient for such cases, please confirm.
2. If something happens to me and wife (my nominee), will the sum assured will be given to my parents? Is it allowed so?
3. Is there any trial period, so that i can return the insurance if the terms and conditions differ from what i heard from my agent?
If you don’t know the answers, could you please let me know where I can look/refer to? It seems that my agent doesn’t know the exact answer and he is bluffing. I would like to be sure about the terms and conditions.
Thanks a lot,
Ram