Legal

Disclaimer

This page sets out the honest limits of this website. You are about to read a lot of material about a contract that can run for decades, and you are entitled to know exactly what kind of material it is.

Nothing below is written to protect us from you. Every limit on this page is one we chose, and each is explained rather than asserted — because a boundary you can see the reason for is a boundary you can actually rely on.

Is anything on this site financial advice?

No. Everything on this site is information: explanations of how life insurance works, what the words mean, and how the process runs from application to claim. Nothing here tells you what to buy, how much to buy, or when to buy it. That decision is yours, and this site is built to inform it, not to make it.

Information

A general statement that is true whoever is reading it. “Cover is commonly sized as a multiple of annual income” is information. So is “an insurer can question a life policy within three years of it starting.” Neither statement knows anything about you.

Advice

A statement about you in particular: what you, with your circumstances, should do with your money. “You should take this much cover, on this plan, this month” is advice. You will not find it on this site.

Advice is not a dirty word, and this is worth being precise about: giving it is not forbidden, it is regulated. A firm that sets out to recommend takes on a suitability assessment, a set of disclosures, and record-keeping obligations that go with advising on someone's money. Those obligations are reasonable, and this site is not built to meet them. So it does not recommend — by decision, not by accident, and not because there is anything wrong with the firms that do.

The distinction is not a technicality. Advice given without knowing your full position is worth less than nothing, and a web page cannot know your full position. So this site stays deliberately on the information side of the line, and is specific about where that line falls.

Why does no premium, return or maturity value appear anywhere on this site?

Because we cannot honour a figure we do not set. Premiums and benefits are priced by the insurer at underwriting, once it has seen your age, your health, your occupation and your disclosures. Any number published before that point can be contradicted at underwriting, and it is you, not us, who would carry the disappointment.

Nothing on this site is a quotation. Premiums, benefits and acceptance terms are determined solely by the insurer at underwriting.

There is a second reason, and it is written into the statute. Under Section 45 of the Insurance Act, 1938, an insurer may call a life policy into question within three years. The three years run from whichever is later of the date the policy was issued, the date risk commenced, the date it was revived, or the date a rider was issued. There are two grounds: fraud, or the misstatement or suppression in the proposal of a fact material to the expectancy of the life insured. After three years, the same section says a life policy cannot be called into question on any ground at all.

So the number that decides how this ends is not one on a marketing page. It is the answer you write on the proposal form. A published figure that later turns out to be wrong invites you to expect something the contract will not deliver, and does nothing for you in the one window where the contract can be challenged. We would rather show you nothing than show you that. If you want the three-year rule properly explained, it has its own page.

Are the calculators on this site a quotation?

No. A calculator here does arithmetic on figures you type in, using assumptions you choose. Change an input and the answer changes. It arranges your own numbers into a more useful shape, and nothing more. It is not a quotation, not a projection, and not a statement of what any policy would cost or pay.

No calculator here is connected to an insurer's pricing. None of them knows your medical history, and none of them has been anywhere near an underwriter. Two people who enter identical inputs can be offered materially different terms, and a calculator cannot see the difference between them. Treat the output as a way of thinking about the question, not as the answer to it.

Nothing you type into one leaves your browser: it is not sent to us, not sent to the insurer, and not stored. The Privacy Policy says so in terms, and it is the page that owns what happens to your information.

Why does this site never compare one insurer against another?

Because it could not be an honest comparison. This is a tied practice: the agency is held with a single life insurer, which the footer of every page names. We are not a broker and we do not survey the market, so any comparison published here would arrive at a conclusion that was already decided.

You deserve to know the shape of what you are reading, so it is stated plainly rather than buried. If you want the market compared across insurers, that is work for an insurance broker, or for you — and it is a perfectly reasonable thing to want. What this site offers instead is a straight explanation of the categories of cover and of the process, which is worth having whoever you eventually buy from.

Does this site give tax, legal or investment advice?

No. This practice is licensed to distribute life insurance, and nothing else. How a life policy is taxed depends on your own circumstances, on the contract, and on the tax law in force at the time — and that law changes. For your position, ask a qualified tax adviser or a lawyer.

That last point is not theoretical. The Income-tax Act, 2025 replaced the Income-tax Act, 1961 with effect from 1 April 2026, and its sections are numbered differently. Guidance you find elsewhere online that cites a section number from the older Act — including a great deal of guidance about life insurance — may be pointing at a provision that no longer carries that number. This site therefore refers to tax legislation by name and never by section number, and you should check any section number you are quoted against the Act currently in force.

Who decides whether your application is accepted, and whether a claim is paid?

The insurer does, and we do not. We help you prepare an application that is accurate, we submit it, and we stay with you and your family through a claim. But we do not underwrite the risk, we do not price it, and we take no part in either decision.

Prakash Finserv is the trading name of Dr. Sonali Walia, an individual life insurance agent. The agent registration code is RLH20775410, and it appears with its validity dates in the footer of every page. A sole proprietorship is not a legal person separate from its proprietor, so the agency — and the accountability that comes with it — sits with a named individual rather than with a company. There is no corporate layer between you and the person who handled your application. The registration, the appointment behind it and the limits of what this agency may do are set out on IRDAI disclosures.

How current is what you are reading?

Every page carries the date a person last checked it against the rules as they stood that day. You will find this page's date at the foot of it. That date is a record of a review, not a promise that nothing has changed since — insurance regulation in India changes, sometimes materially.

Where a page here states a rule, it links to the source, so you can check it rather than take our word for it. The Insurance Regulatory and Development Authority of India publishes the regulations and circulars that govern what an agent may say and do, and the statutes themselves are on India Code. Where a source and this site disagree, the source is right and this site is wrong.

What this disclaimer does not do

It does not reduce your rights. Nothing on this page limits any right you have under a policy, under the Insurance Act, 1938, or under the regulations that govern insurance in India. It does not make you responsible for a mistake we made, and it does not stop you complaining about one.

If something on this site is wrong, unclear or out of date, tell us and we will correct it — that is a favour to every reader after you. Write to Dr. Sonali Walia at [email protected].

A formal complaint is a different thing from a correction, and it has four steps: us first, then the insurer, then IRDAI, then the Insurance Ombudsman. The grievance redressal page sets out all four, with the contact points for each. The wider terms this website is provided on are in the Terms of Use.