Insurance FAQs

 Insurance Products:

• Life Insurance: Protection plans for life security and wealth creation.
• Health Insurance: Comprehensive health coverage for medical emergencies.
• General Insurance: Covers assets like vehicles, property, and travel.

Tailored Solutions: Insurance plans customized to meet your individual or business needs.

 Key Reasons:

• Financial Security: Provides financial support to your family in the event of your untimely demise.
• Debt Protection: Ensures your loans and liabilities are covered, preventing financial burden on your family.
• Wealth Creation: Some life insurance policies offer investment components, helping you build wealth over time.

Process:

• Needs Assessment: Analyze your insurance needs based on your life stage, family, and financial goals.
• Policy Comparison: Compare different policies and providers to find the best fit.
• Tailored Recommendations: Provide personalized suggestions based on your specific requirements.

 Primary Benefits:

• Medical Coverage: Covers hospitalization, surgeries, and medical treatments.
• Preventive Care: Many policies include coverage for regular health check-ups.
• Tax Benefits: Premiums paid for health insurance are eligible for tax deductions under Section 80D.

 Term Insurance:

• Coverage Period: Provides coverage for a specified term, typically 10, 20, or 30 years.
• Premium: Lower premiums compared to whole life insurance.
• Benefits: Payout only if the insured person passes away during the term.

Whole Life Insurance:

• Coverage Period: Offers coverage for the entire lifetime of the insured.
• Premium: Higher premiums due to the lifelong coverage.
• Benefits: Includes a savings component that builds cash value over time.

 Factors to Consider:

• Income Replacement: Consider how much your family would need to maintain their current lifestyle without your income.
• Debt and Liabilities: Ensure your coverage is enough to pay off any outstanding debts like loans or mortgages.
• Future Expenses: Factor in future financial needs, such as children’s education or retirement plans.

 Rider Options:

• Critical Illness Rider: Provides a lump sum amount if diagnosed with a specified critical illness.
• Accidental Death Benefit Rider: Additional payout in case of accidental death.
• Waiver of Premium Rider: Waives future premiums if you become disabled or critically ill.

Benefits: Riders offer enhanced coverage by addressing specific risks, making your policy more comprehensive.

 Claim Support:

• Guidance: Step-by-step assistance in filing and processing insurance claims.
• Documentation: Help in gathering and submitting necessary documents.
• Liaison: Act as a liaison between you and the insurance company to expedite the claim process.

 Renewal Process:

• Reminder Service: Jogimutt Enterprises LLP sends renewal reminders before your policy expires.
• Policy Review: Opportunity to review and adjust coverage if your needs have changed.
• Easy Payment: Online payment options for quick and convenient renewals.

 Steps to Take:

• Grace Period: Most policies offer a grace period after the due date to make the payment without losing coverage.
• Reinstatement: If the policy lapses, you can often reinstate it within a certain period by paying overdue premiums with interest.
• Contact Us: Jogimutt Enterprises LLP can assist you in reinstating your policy and avoiding a lapse in coverage.