POSTED BY January 14, 2014 9:15 am ONE COMMENT
ONHi,
I want to know what are the chances of getting term insurance for Rs. 1 CR from LIC for a person having High Blood Pressure. Does LIC just increase the premium based on the critical and issues the policy? Are there any chances that the claim would be rejected even if the illness was disclosed?
Thanks,
rdpune
2021 © Jagoinvestor.com All Right Reserved
Dear Rdpune, if the illness is disclosed upfront and accordingly the prem. is loaded up it means the insurer has covered the risk on your life knowingly. So in case of death, the claim can not be rejected on this illness ground. Prem. ‘ll be loaded up or not is upto the underwriters of the insurance co. to decide. We can not comment on this.
Thanks
Ashal