Ulips are cost-effective if you have a 7-10 year outlook

Published in Mint on, Apr 02 2013, Written by Kapil Mehta I am 30 years old and want to buying a Rs.3 crore term cover. I found out that premiums of various companies vary considerably—from Rs.24,000 to close to Rs.1 lakh per year. Can you suggest a term cover with low premiums and where settlement […]

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Insurers generally do not issue term insurance after age 65

Published in Mint on, Oct 09 2012, Written by Kapil Mehta I am 66 years old and have a unit-linked insurance plan (Ulip) for which I have paid three regular premiums totalling Rs.1.6 lakh. I don’t want to pay further. How much surrender value will I receive? I want to invest this amount in mutual funds […]

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