Staying insured is a crucial step in safeguarding your family and loved ones in the event of your sudden demise. It provides financial security and ensures that your family does not face financial hardships during difficult times. With the right insurance coverage, you can offer peace of mind, stability, and protection for their future needs.
Any earning individual, on whom his/her family memebers are dependent on the income of the earning individual are necessarily to take Insurance. In case of sudden demise of such an individual with result in their family members struggle financially.
During this period after your Policy is issued at inception, you have time of 30days to review the benefits of the Policy and if you are not satisfied with what is being offered you can return the policy and get the refund of the premium paid.
Disclosure of material facts regarding a medical condition carries utmost importance while applying a Life insurance. And it’s the discretion of the insurer whether to accept the proposal with the declared medical condition or not. Once the insurer issues the policy despite this, your policy will cover the preexisting illnesses or else the insurer declines the proposal.
Yes, You can change the mode on the policy anniversary.
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