NLIC.org

Lucille Said:

How do you find out if a parent that has passed had life insurance to cover himself & property?

We Answered:

Secret Squirell, you say that "We are still getting bills to pay for life insurance ... "

Why are you getting bills for the life insurance -- or did you mean your friend is still getting bills?

Any bills in any way related to the deceased ought be sent to the Executor -- including the life insurance bill ! The Executor is legally bound to settle the estate -- which includes any and all "bills".

I imagine one could, in such a circumstance, "play dumb" and contact the life insurance company sending the bills, and advise them of the death -- however as another poster commented, it will take a *certified copy* of the death certificate from the executor in order for any funds to be paid. (The funds will be paid into an Escrow Account -- which the Executor is duty-bound to establish -- and the final distribution will be made from that account.)

You didn't mention who the Executor is -- if and how they are related to the deceased. Settling an estate can be a daunting task, with or without an attorney ... and it can take a fair amount of time to get the necessary paperwork together, file the papers with the probate court, wait for publication of the "Appointment of Executor" in the newspaper, not to mention getting all of the heirs to agree to terms, releases, etc. -- all of which is to say, the Executor may be a bit "stressed out" with all of this ... (especially if they are closely related to the deceased).

This is *not* to suggest that you shouldn't be able to get a response from the Executor within a reasonable period of time. In the last resort, your friend may wish to consult an attorney himself.

But don't pay any bills! -- And forward everything to the Executor (you may want to keep copies of what you send, along with the dates you sent it).

Mario Said:

I am 34. I need term cover life insurance (for 25 years) for 10.00 Lakhs. Which is the best policy in India?

We Answered:

Term assurance means payment of sum insured on happening of an event covered under the policy and "during the tenure of the policy period only". i.e. Normally all inusrer offers risk cover during the term but does not provide payment at the end / Maturity of the policy period.


U can go for any life insurance companies out of existing 22 nos. in india. But LIC is the best in terms of transparency, quick settlement and reliability.

Presently LIc is offering 4 different term assurance plans:

1. Two Year Temporary Assurance Policy
2. The Convertible Term Assurance Policy
3. Anmol Jeevan-I
4. Amulya Jeevan-I

U can also look 4 companies which are offering plans with return of premuim at the time of maturity.

Matthew Said:

Life insurance cover for overweight people?

We Answered:

due to the fact you have been declined by 3 allready maybe a reason for not finding insurance. it is like a red flag; all applications ask if you have been declined for coverage.

you may want to call a agent and speak personally on the phone; they may have companies they can help you with or guide you. i never heard of the 2 you are applying for, but then again, there are thousands of companies out there.

good luck

Beth Said:

Why doesn't Medical/Life Insurance cover for Eye Therapy since this is one of the remedial step for lazy eyes?

We Answered:

healthquotes.awardspace.info - here is my health insurance plan. As I remember they can provide such a service.

Christine Said:

What kind of deaths does life insurance cover?

We Answered:

regular Life insurance covers every kind of death, other than a few exclusions.

Standard exclusions include:

Suicide within the first 2 years of the policy.

An act of war. If you're in the military and die, or if you are bombed by a military strike, type of thing.

If the death occurs as a result of the insured commiting a criminal offence (IE: insured robs a bank and gets shot, etc). This one depends on the compnay...the one I have my policy with doesn't have this exclusion listed.

Other exclusions can be added, but they must be mentioned in your policy book. The only way a death by heart attack or stroke (as in your question) would be excluded is if the person has a health history that would lead to possibly having a heart attack or stroke. In a case like that the person would likely jsut get declined anyway.

If you have an accidental death and dismemberment policy, things like heart attack or stroke are not covered. These policies are waste of money in my mind since less than 2% of the policies ever pay out...odds of dying accidentally are extremely low.