—Rahul SethiA life insurance policy offers several riders such as critical illness, accidental death, and disability. However, more often than not, the sum assured of riders and extent of cover tends to be less than in standalone plans. For example, a standalone critical illness plan can cover up to 30 diseases whereas riders tend to cover fewer diseases. Can I buy life insurance for my brother as a proposer and make myself a nominee? Keyman insurance has no bearing on personal life insurance plans of the employee.

Source: Mint April 08, 2018 16:52 UTC