POSTED BY January 7, 2013 10:15 pm ONE COMMENTON
I have the query regarding purchasing the second term insurance plan. I have a LIC Amulya Jeevan : 30 Lakh 30 Yr term insurance.
Planning to take another insurance of 60 Lakh for 30 yr from ICICI i protect. I guess i need to tell the ICICI about my existing term insurance plan while applying there.
But Do i need to inform LIC also that i taking another term insurance plan from ICICI? If i do not tell LIC, will it create any problem later on during claim?