Do I need to give my past insurance policy details while taking a new term plan ?

POSTED BY nayaksatyajeet ON January 13, 2014 12:20 pm COMMENTS (3)

Hi

I am thinking of availing the Aegon term plan.I have a query – Do I have to give them details of all my past insurance policy details like endowment, accident insurance, etc  or I have to submit details of past “life insurance “only? And what about expired policies?

I have heard that companies use some database to check past policy details.Can an individual investor access those details of himself.I am asking because I have had quite some insurance policies enabled in the past. And I am not sure whether they are active or have expired.

3 replies on this article “Do I need to give my past insurance policy details while taking a new term plan ?”

  1. nsabhyankar says:

    When I took the iTerm plan, I was asked to disclose the details of all the policies irrespective of the status (in force, paid up or surrendered). Also, there was no way to mark the status.

  2. nayaksatyajeet says:

    Thank You.

  3. ashalanshu says:

    Dear Nayak, you need to disclose only active life insurance policies.

    thanks

    Ashal

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