POSTED BY May 25, 2013 1:41 pm COMMENTS (12)ON
When I was recently applying for a new term life, I came across T&C which states that the insurance company would want to be notified for any life insurance proposal from any provider gets denied, rejected, accepted with modified terms. Do you need to inform the existing life insurance policies about all new proposals which you may make? I believe you will be required to intimate them of any additional life cover which you may take up. Do we need to inform about proposal status as well?