Life Insurance

To be cybersmart, you are to undergo minimum training, get acquainted with the parapharnelia of the cyber world and you become cybersmart in the long run.

In a noncontributory life insurance policy, typically 100% of eligible employees must participate, as the employer pays the full premium without requiring contributions from employees. This ensures that all covered employees receive the benefit without any cost to them. However, specific requirements can vary by company policy and insurance provider, so it's essential to check the terms of the policy in question.

Until the insured age 100

Grace period is a provision given to policyholder to pay premium in next 30 days.When he fails to pay it before the due date, this time period of 30 days is called grace period.

Recruiting 20 Agents and bringing in premia worth Rs.1.5 crore through them is the target to achieve. However, another 6 months' time is provided to those who fail to reach the bench mark.

To forge the insured's signature is a criminal offense and the Agent's License, if reported, is liable for cancellation.

Generally Free look provision in a health policy is given for 15 days. If you are not satisfied with the provisions of the policy bond, you may ask for cancellation of the policy to the Insurance Co. within the aforesaid time. The Insurance Co. is bound to return you back the premium minus few incidental charges.

You are to opt for Health Insurance Policy or a Personal Accident Policy (in case of loss of sight due to accident). In fact, Health Insurance Policy will provide you for medical expenses for treatment relating to recovery of eye sight only.

Yes

Unless you take it out for yourself, any number of people could have taken out insurance on your life without you knowing or telling you about it, so you can ask family members or friends, however, they may not want to tell you, it is quite legal for anyone to take out insurance on anyone.

It would be valid only after due intimation of divorce and remarriage details to the Insurance Company within the tenure of the policy bond by the policy holder.

Well, you definitely cannot do that, but you can seek natural cures and/or second opinions for your illness. Understand that allopathic doctors are trained to treat symptoms, and ignore causes. Best wishes.

One crisis came after another

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Insurable interest in the proposed insured

If the deceased has no children, yes. Otherwise the children share in his estate. This may vary by State.

In Qm systems businesses will have a set of polices to cover a wide variant of their business dealings i.e Customer Service Policy, health and safety Policy etc. Attached to these will be a set of procedures staff will be required to follow when dealing with their roles within the business. In additon the procedure will have points where each layer of staff can if required pass the situation (i.e. complaint) to the next level having exhausted their level of authority.

A Policy and Procedure Manual will contain each policy the company has and the procedures attached to that policy.

Expiry of the check will be treated as 'check dishonor', you are to pay premium plus bank charges in lieu of the dishonored check to the insurance company to revalidate the policy.

A Life Insurance Agent's license is allotted for a period of 3 years after which it has to be renewed by providing the requisite papers/documents within a specified period.

It implies that it is not a single or one-time premium policy and you are pay annualized premium for the renewal of the term policy.

No, you get to choose.

The Insured of the policy is obviously the Principal in a life insurance contract.