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If my father has already taken an life insurance for me and if I also take another one separately. Is there any problem?
If my father has already taken an life insurance for me and if I also take another one separately. Is there any problem?
Shailesh Kumar, Co-founder, Insurance Samadhan
Answered on April 17,2022
Answered on April 17,2022
There is no problem . Please declare the details of old policy when you apply for new .
As you are major now , you can apply to Insurance Company for change of ownership in your old policy .
Best wishes
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