December 4, 2013 2:22 pm
What are exclusions in term insurance apart from 1 year suicide clause?
Does private term insurances have few more exclusions which LIC term insurance does not have?
There is no difference, you should declare all the correct information to the insurance firm. There will be no major difference at the time of claim.
Remember one thing, when LIC started its operation people were very reluctant to buy insurance, it toll them lot of years to build that trust.
Same thing will happen to the new insurance firms in India. If is ok, if you buy insurance from private firms.
is it safer to put term insurance in LIC than in private insurance companies?
Aegon religare don’t have any other exclusion (apart from suicide in the first year)
They cover war/riots/terrorist attack/natural calamity etc.
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