Personal Finance
The life cover will be based on your medical and financial eligibility
Updated : Jan 17, 2019, 06:35 AM IST
I will recommend you apply with a life insurance company. You might be required to submit all your medical reports, treatments you underwent and any medications you are currently taking and the treating oncologist report. Based on this information the insurer will be able to ascertain and provide you with adequate cover. The life cover will be based on your medical and financial eligibility.
In case of loss of policy document, you can visit the nearest branch of your insurer and submit a request. The insurer will be able to provide you a policy certificate and also execute the change of address.
Any sum received from life insurance policy including bonus or surrender receipts is exempt from Tax u/d 10 (10D) of Income Tax Act except in some cases like Key Men insurance policy, premium paid is higher than 10%/20% of sum assured,
Sumit Rai, MD & CEO, Edelweiss Tokio Life Insurance
Clear your doubts with regard to life insurance.
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