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If I take a plan now and if I am not able to afford the plan for a higher premium, so after a few years can we take another term plan. Basically, can I take two plans?
If I take a plan now and if I am not able to afford the plan for a higher premium, so after a few years can we take another term plan. Basically, can I take two plans?
Shailesh Kumar, Co-founder, Insurance Samadhan
Answered on November 24,2021
Answered on November 24,2021
Dear
Yes , you can buy as many plans as you wish . But ensure that you are sharing details of all existing plans when you are applying for new .
Because underwriter would like to know that how much cover you have on your life to avoid moral hazard .
Hope this clarifies .
Shailesh
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