Term Insurance from same provider

POSTED BY vazzy ON October 2, 2010 11:44 am COMMENTS (3)

Hi,

Can we take 2 different term insurances for oneself from the same insurance provider (say one for 15 laks and one some time after for 20 laks)?.  Tx in advance.

3 replies on this article “Term Insurance from same provider”

  1. Pardeep goel CFP AIII says:
    October 14, 2010 at 2:15 pm

    yes one can buy insurance of any amount. Only restriction is that your amount of insurance and total premium you paying should match with your annual income.

    Happy Investing

    Reply
  2. gkdoda says:
    October 2, 2010 at 11:49 am

    Yes, you can take. The insurance company may ask for your income proof & health checkups, in case of increase in premium.

    Also, you might have to pay higher premium in 2 policies rather than 1 policy on combined S.A. Again, it depends upon age & the insurance company mortality charges.

    Hope it will Help You.
    gkdoda

    Reply
    1. vazzy says:
      October 2, 2010 at 11:53 am

      Yes it did… tx very much!

      Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.