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Resources

A few things to check before you decide

These guides explain common policy terms and questions. Use them as a starting point, then check the latest insurer documents for full details.

A clear place to start

Useful answers for the decisions ahead

Explore straightforward guides to life cover, health insurance and retirement planning. Use them to prepare questions and compare options with more confidence.

Have a question? See the FAQs

The guide library

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Insurance basics

Term plan or whole life: which cover fits your family?

Think about who depends on your income and for how long.

Read the guide
Health insurance

How to choose health cover for your family

A hospital bill can include costs you did not expect. Check how the policy handles them.

Read the guide
Financial planning

Why starting early can make retirement planning easier

A parent can start by estimating future expenses and checking what income is already in place.

Read the guide
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Insurance basics

Term plan or whole life: which cover fits your family?

If your family depends on your salary for the home loan, school fees or monthly expenses, start by asking how long they would need that support. Then compare the kind of cover and premium that fit your budget.

Term cover

This provides life cover for a set period. It may suit a parent who wants cover while children are young or a home loan is still being paid.

Whole life cover

This is designed to continue cover longer, subject to the policy terms. Check how long premiums are payable and what benefits apply.

Before you compare

List your dependants, regular expenses, debts, existing cover and the years your family may need financial support. Then compare the policy term, benefits, exclusions, premiums and conditions in the official brochure.

Keep in mindThere is no one choice that suits every family. Review the policy terms and your wider financial needs before deciding.

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Health insurance

How to choose health cover for your family

When a family member needs hospital care, the bill is only one part of the decision. Check which hospitals are in the network and what costs may still come out of your pocket. The latest policy wording explains the exact terms.

Who needs cover?

Consider each family member's age, existing cover and health needs. Check whether the policy covers everyone you intend to include and how the premium is calculated.

Understand the limits

Review waiting periods, room limits, co-payments, exclusions, sub-limits and any restoration or no-claim benefits. These can affect what is payable and when.

Check how to get care

Look at the insurer's network hospitals, cashless process, claim notification requirements and documents. Confirm current details with the insurer before treatment.

Compare the full picture

Compare benefits, service, renewal terms and premium together. A larger advertised cover amount alone does not tell you how a policy will respond to a claim.

Keep in mindPolicy features and claim conditions vary. Use the latest official policy wording to verify details before purchase or renewal.

An elderly couple having tea together on a balcony

Financial planning

Why starting early can make retirement planning easier

Start with an ordinary month: where you may live, what bills you will have and what income will continue after you stop working. Starting early gives you more time to review the numbers as life changes.

Estimate future needs

Write down likely essential and lifestyle expenses, and consider how inflation could change their cost over time.

Take stock of existing resources

Review savings, workplace benefits, pensions and other expected income. This helps you see what may still need to be funded.

Choose a sustainable approach

A regular contribution that fits your budget can be easier to maintain. Check the policy's benefits, charges, access rules and risks before committing.

Review along the way

Income, family responsibilities and goals can change. Revisit your plan periodically and before major life decisions.

Keep in mindIllustrations are not guarantees. Check the official documents for guaranteed and non-guaranteed benefits, conditions and risks.

A little more clarity

Common questions

Still deciding where to begin? These answers can help you prepare for a conversation.

Ask Arun a question
Can I use these guides to choose a specific policy?

These guides are general information to help you ask better questions. A policy's suitability depends on your circumstances, and its official brochure and policy wording set out the applicable benefits, exclusions and conditions.

What should I bring to a policy review?

If available, bring your existing policy documents, renewal notices, a list of your goals and questions, and details of any changes in your family or finances. Avoid sharing sensitive documents over an unsecured channel; ask Arun how to provide them safely.

Can Arun help me understand a claim process?

You can contact Arun for guidance on the insurer's process and the documents to check. The insurer assesses claims under the policy terms, so confirm requirements and deadlines directly with the insurer as well.

Have a question about your cover?

Bring your existing policy or tell Arun what you're planning for. He can explain the options and what to check in the policy documents.

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Arun Pradhan

LIC & Health Insurance Advisor