Dear All,
I want to buy best term insurance and having below confusions
1. Which company having best claim settlement ratio which help my family in case of death
2. Should I go for online or offline as I advised by many people that buying form good agents will help family member to settlement of claim
3. If online than which is the chipper and good company
4. If offline than which is the chipper and good company
5. Should I pay premium regular or 5-10 year interval
6. I am regular tobacco user and recently stopped that (last 4 months), what should I mention in policy – smoker-nonsmoker or any option available for such type of case, as a human nature I don’t want to pay high premium of smoker zone, is there any tips/tricks to pay nonsmoker premium,
7. Is there any company which declare person as nonsmoker if he or she left or stopped last 2-3-5 year
8. Any difference between smoker and tobacco user – as I am not smoking cigarettes
9. What is the preferred smoker, having drink/smoke/tobacco on any special occasion will declare person as smoker that also after of before buying policy?
10. What if I mention nonsmoker in policy and stopped tobacco after that, will company reject my claim on accident or other illness death after 5-6 years which is not due to tobacco
11. Which company having such smoker definition available on online buy
12. I am having confutation on sum insured and assured also
Other details
1. MAX life insurance – PRTP plan is good?
2. Annual salary 3,00,000
3. Monthly expenses – 15000 which current family size of 2 dependent member (wife + 1-child)
4. Having 3-4 policy with 2.50 lacs SA -SI
As finally, I have left/stopped tobacco since last 4 month and will not use it again in future and I don’t want to pay smoker premium to insurance company , please provide your valuable suggestions