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POSTED BY ON May 29, 2014 9:21 pm COMMENTS (2)
Hi,
I am around 42 years male, the single bread earner for a 4 member family.
I want to start new LIC Policies as the existing policies will be matured by year 2022 and total sum assured for all the policies will be around 4.5 lakhs. Please suggest me some good policies and my aim is to keep insurance upto my age of 60 and sum assured should be 25 lakhs.
Please note I will not be allowed to take Term Assurance Policy due to medical reasons and advise accordingly.
Regards,
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In case you are not getting a term policy due to your medical condition, even if you get a non term (endowment, ULIP or money back) your premium would be very high for 25 lakh. Also, if insurer can deny you a term policy, they may even deny your claim, even after paying heavy premiums.
Ashish
Curious to see the answer you get.
If you are ineligible for term-assurance due to medical conditions, I doubt whether you will get a non-term-insurance either.