Disclose existing term plans to new insurer - News Summed Up

Disclose existing term plans to new insurer


Is there a limit to how many term insurance plans I can take? Is it possible for me to take multiple term plans amounting to ₹10 crore? —Narayan DevNo, there is no limit on the number of term insurance plans that you can take. You can opt for the desired coverage under one plan or multiple term plans. However, when opting for multiple term insurance plans, you need to disclose existing term plans that you have in your name.


Source: Mint December 09, 2019 00:22 UTC



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