Important Life insurance For Mother Need Guidan...

Important Life insurance For Mother Need Guidance .

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Deal Cadet
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Hi folks,
as you all have read the title I want a Life insurance policy for my mother, she is 53 years old some of my friends told me companies don’t cover elderly people easily and even if they do i will have to pay a hefty premium for it . so anyone who is experienced please let me know what policies are there ( i am doing my research on google But still wanna ask someone experienced ). My mother is already covered under DELHI GOVERNMENT EMPLOYEES HEALTH SCHEME and she is a pensioner ( she started getting pension after my dad’s Demise and Is covered under his DGEHS Card) .

Thanks in advance.

PS – I am not dependent on my mother i have younger siblings and I might be leaving country soon. ( My knowledge in policies and insurances is Zero )

6 Comments  |  
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Deal Subedar
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Why do you need a life insurance for your mother? Is she having dependents who require financial assistance?
At her age, normally people require medical insurance not life insurance.
Life insurance premiums are determined by age and risk profile. So naturally, at her age, premium will be high.

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panchabhut wrote:

Why do you need a life insurance for your mother? Is she having dependents who require financial assistance?
At her age, normally people require medical insurance not life insurance.
Life insurance premiums are determined by age and risk profile. So naturally, at her age, premium will be high.

Correct..if @Dealcharmer you are depending on her then she will need life insurance…

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suman1520 wrote:

Correct..if @Dealcharmer you are depending on her then she will need life insurance…

No i am not dependent i have other siblings aswell and i might be leaving india soon if my showreel gets selected

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Dealcharmer wrote:

No i am not dependent i have other siblings aswell and i might be leaving india soon if my showreel gets selected

Only those person need insurance who have some liability…like upbringing, education, marriage of dependent…home loan, or other kind of loan etc…so decide accordingly.
If you  are earning now then  you should take term insurance for yourself…this may be more useful for your siblings also.
Or just call policy Bazaar to take idea only…they help in choosing and decision making…

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Also take some accidental policy that bank account offers…12rs for 1 lakh sum assured for accidental insurance…

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suman1520 wrote:

Only those person need insurance who have some liability…like upbringing, education, marriage of dependent…home loan, or other kind of loan etc…so decide accordingly.
If you  are earning now then  you should take term insurance for yourself…this may be more useful for your siblings also.
Or just call policy Bazaar to take idea only…they help in choosing and decision making…

thanks a lot for the advice smile

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