Hi,

I am looking to buy term insurance from Tata AIA. I am an NRI. I have few questions related to term insurance so thought of posting it here.

1) I have mild BP and mild Asthma, when i asked the representative he is telling like you are so young due to that there is no risk even if you wish to not disclose these health conditions while taking to doctor for medical validation over call. He quoted some 3 year rule , beyond which insurance company has no rights to deny the claim. I am really clueless what should i do in this regard ? Should i go by his words or should i disclose the health condition as is to the doctor even though he will send me for medical check up(which might cost me more being abroad) ?

2) Will there be possibility for the term insurance to get rejected for having mild bp and mild asthma ?

3) Also when i asked about opting for MWPA in policy ? He said that will lead to more work when my spouse try to claim the money in future , he said like trust account needs to be created by that time and it involves more work to get money in her hand. Is that really disadvantage should i proceed without option for MWPA or it has more advantages that i should consider going for MWPA in my policy ? He mentioned like anyways he is nominee only she can get money from us directly and not anyone but i have concerns like if my home loan or some debt is pending they might claim more rights to that money than my wife. I maybe wrong so want to clarify on going with MWPA act or not.