10 replies on this article “Kotak e-preferred or Bharti Axa life – eProtect”

1. Kotak Support Team says:

   November 26, 2013 at 9:57 am

   Dear Sir,

   Thank you for choosing Kotak Life Insurance as your preferred insurance provider.

   We request you to kindly provide your contact number and write to us at clientservicedesk@kotak.com for better assistance.

   Regards,
   Kotak Support Team

   Reply
2. ashalanshu says:

   November 21, 2013 at 7:55 pm

   Dear Mohit, why are you purchasing term cover? To cover financial risk of your family members arising out of your untimely death. From hereonwards till age 55-58, you should be able to fulfill all the financuial liabilities towards your family like house, kid’s education, career, marriage, general living…..

   If you feel, your financial liabilities ‘ll not be over till age 58-60, you seriously need to think over your financial planning.

   Hope i’m able to answer your query for insurance age.

   thanks

   Ashal

   Reply
   1. Mohit Asher says:

      November 22, 2013 at 11:58 am

      Thanks Ashal.

      Reply
3. ashalanshu says:

   November 21, 2013 at 2:47 am

   Dear Mohit, do you really need insurance post age 59-60?

   thanks

   Ashal

   Reply
   1. Mohit Asher says:

      November 21, 2013 at 11:03 am

      Dear Ashal,
      I know the question is bit amateurish but new to term insurance and trying to learn different aspects.
      I would be glad if you can share your valuable suggestions.
      Thanks
      Mohit

      Reply
4. Mohit Asher says:

   November 20, 2013 at 5:29 pm

   Dear Experts,

   It would be great if you could help with the above queries.

   Thanks,
   Mohit

   Reply
   1. Kumar_G says:

      November 20, 2013 at 11:14 pm

      Dear Mohit,

      You’ve not mentioned your income and dependents etc .Considering your age 29Yrs, you can go for Bharathi Axa or Aviva with 35Yrs policy term with low premium and decent claim ratio. Hope, most of your responsibilities will over by that time.

      Don’t split 50L cover, in most cases below 50L cover will have high premiums. You can review your needs and responsibilities and take adequate cover with other policy if needed.

      Kotak e-protect also good with step-up option but premium is bit high and 30 years term.

      Hope, answered your query!

      Thanks,
      Kumar.

      Reply
      1. Mohit Asher says:

         November 21, 2013 at 10:58 am

         Thanks a lot Kumar.
         So the plan should be by the 30 year term ends I should save adequate enough that I don’t need any cover.
         However, if a case is such that if I feel I need cover till 65 I may not start a new policy at that time so I think I can take one more policy after 3-4 years or a policy of 35 year term. Is my understanding correct?

         Reply
         1. Kumar_G says:

            November 21, 2013 at 12:42 pm

            Dear Mohit,

            You can opt for 35 Yrs term policy at this time it self. Both Bharathi Axa or Aviva can give your cover till 65Yrs age. For term cover, premium will increase along with your age.

            Mr.Ashal rightly said.. think over insurance need post age 59-60. Search this forum and blogs to learn different aspects of term insurance and decide your self.

            Term insurance is not meant for saving/investment, its just a financial protection for a family in the absence of earning member.

            Thanks,
            Kumar.

            Reply
            1. Mohit Asher says:

               November 22, 2013 at 11:57 am

               Thanks a lot Kumar

               Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.