Ramesh Pillai

Maternity benefits usually have a waiting period of 9 months to 2 years. (Reference: 4399)

Was there any delay in intimating the claim? That could be a reason. (Reference: 4880)

The premium for term insurance is locked for the entire tenure, so buying young saves you a lot of money. (Reference: 1547)

Maternity benefits usually have a waiting period of 9 months to 2 years. (Reference: 1781)

Term insurance is a must for financial security. I recommend a cover of at least 10-15 times your annual income. (Reference: 5906)

Third-party insurance is mandatory by law, but comprehensive cover saves you from own damage expenses. (Reference: 2510)

For delayed claims, you are entitled to interest payment as per IRDAI guidelines. (Reference: 8027)

Consider a policy under the Married Women's Property Act (MWP) to ensure the claim money goes only to your wife and kids. (Reference: 3664)

With rising medical inflation, a base cover of 5-10 lakhs is necessary for a family. (Reference: 9327)

Always declare the correct IDV (Insured Declared Value). Lower IDV saves premium but reduces claim amount in total loss. (Reference: 9140)