(a) whether the Government propose to re-start single premium insurance policies;
(b) if so, the details thereof;
(c) the manner by which misuse of the said policy could be checked; and
(d) the benefits proposed to be given to the policy holders?
(a) whether the Government propose to re-start single premium insurance policies;
(b) if so, the details thereof;
(c) the manner by which misuse of the said policy could be checked; and
(d) the benefits proposed to be given to the policy holders?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S. S. PALANIMANICKAM)
(a) & (b): Already there are single premium policies available in the insurance market.
(c) & (d): Question of misuse of such policies do not arise as only one premium in lump sum is required to be paid. The option of choosing such a policy rests with the policyholder.