Hi,
I am planning to take Term plan for 1 crore.
One of my friend suggested me an idea :
- Take LIC term plan for 25 Lakhs first
- Then go for any other reputed Term insurance company for remaining amount of 75 Lakhs
Doing above would have following benefits:
- If LIC settles down the claim, the other company has to accept the facts and evidences and also has to settle the claim
Just wanted to find out how much true is the above fact ?
Thanx in advance.