POSTED BY September 10, 2013 1:03 pm COMMENTS (8)ON
I have taken two term policies.Now i used to smoke a year back.
1) Aegon Religare I-Term
Now i declared myself as a non-smoker since i dont smoke now and i had calculated the premium.
But on the second page, there was a question as below:
Have you ever smoked in the last five years?
Honest answer to that should be “Yes”
But, I put “No” in there as advised by one of the representative of policybazaar.com.
His rational behind putting a No was that i am taking a policy of 50Lakhs. so anyways i will be undergoing a medical test. If they find from the tests that i am a smoker then they will put me in the smoker category and increase my premium.
But What if in medical test my nicotine levels are normal. Shall i explicitly inform them that i used to smoke 1 year back and i have quit now. What category they will put me in now? smoker or non-smoker?
2) Aviva I-Life (55 Lakhs)
Similar question was on Aviva Website.
Initially i selected myself as a non-smoker and calculated premium. And while fillign the proposal form.
There were two questions :
1) Do you currently smoke?
I answered as No as i dont smoke now.
2) Have you ever smoked?
I asnwered Yes and
3) When did you last smoked?
I put there “In the last 1 year”
I have taken both policies on the same day.
Could anyone please help me what shall i do now?
Shall i inform the Aegon Religare that answer to one question was wrongly answered and i want to correct that. or
any other suggestions?