Question 1

Are returns guaranteed?

Accepted Answer

It depends on the plan type. For endowment-type LIC plans, the sum assured at maturity is a contractual benefit under the policy wording; participating bonuses are not guaranteed in advance.

Question 2

How does the New Tax Regime affect my existing LIC 80C tax deductions?

Accepted Answer

Under the New Tax Regime, Section 80C premium deductions are not available. Life insurance remains valuable for protection and savings; old-regime filers may still claim up to ₹1.5 lakh where applicable.

Question 3

Can NRI clients manage or buy policies through an insurance consultant in Chennai?

Accepted Answer

Yes, in many cases NRIs can buy or service policies with guidance from a Chennai advisor, subject to insurer rules and KYC; premiums use official channels only.

Question 4

Where can I find a trusted LIC & Insurance Consultant in Chennai for claims?

Accepted Answer

Sivaprakash Wealth provides dedicated insurance consultancy across Chennai with over 28 years of experience, assisting with planning, portfolio reviews, and maturity or settlement claims.

Question 5

What insurance services do you provide?

Accepted Answer

Sivaprakash Wealth focuses on LIC life insurance (protection, savings, pension-style plans) and general insurance such as health (individual and group), together with policy servicing and claims guidance.

Question 6

How can I schedule a consultation?

Accepted Answer

Call or WhatsApp +91 98841 10537, email us via the contact form, or visit the contact page. The first discussion to understand your needs is without charge.

Question 7

Do you offer corporate insurance consulting?

Accepted Answer

Yes — especially group health and related general insurance for businesses, including renewals, add-ons, and employee communication support.

Question 8

How do you help with LIC claims or maturity?

Accepted Answer

We guide you on forms, nominee rules, KYC, and insurer queries. Our experience includes assisting with death claim settlements and a large number of maturity payouts — always subject to LIC rules and verification.

Question 9

Can you review my old policies before I buy something new?

Accepted Answer

Yes. We often start with a portfolio review — what you already hold, gaps in cover, premium load, and whether existing plans should continue, be altered, or be supplemented.

Question 10

Is tax saving the main reason to buy insurance?

Accepted Answer

Tax benefits (such as under Section 80C or 80D where applicable) can be a side benefit — but the primary purpose of life and health insurance is protection. We explain both the tax angle and the long-term commitment before you sign.

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