Hi All,

I am 32 years of old and my wife is 28. Both are working. We have an year old kid. After joining JagoInvestor first thing(Now many other things) I learnt was how important Term Insurance was.

We have now zeroed in on 2 policies(Offcourse from this very forum only). One for me(HDFC Life) and one for my wife(Birla Sunlife Protector).

I have couple of queries:

1. I am from “state1” but working in “state2”. In HDFC Click2Protect, there is a “state” column which we need to select(Not in the address part but in general product details part). Not sure whether to give “state1/state2” Or it doesn’t matter?

2. In the “Past policy details”, there is a query
“Do you have any existing insurance cover of premium paying and/or paid up policies(excluding group term insurance plan taken by your employer)? : *
What does the above query really mean? I had an LIC policy which I cancelled as soon as I joined this forum :). Do i need to mention this cancelled policy details for the above query?

3. Have an ULIP on my wife’s name for which the 3 years is over last week and we are waiting for the right time to surrender it(will do it in a week or two). Do i need to mention this detail too when she buys the Birla protector plan?

Hoping someone would help me as they do for others’ queries :). Thanks in advance.

Thanks,
Ram