Do you have to report health issues after you have bought the insurance policy?
I have following doubts sir.
My parents have national insurance for one lakh from past 5 years.At the purchase time'my parents did not have any health issues.Right now my mother is taking medicine for bp occassionsly as an d when bp comes.
My father takes some tablets for memory.Apart from that they dont have anything.They are age 72 father and mother 62.
Each year at the time of renewal'the agent takes money a nd renews it.we have not said to him about our current health situation nor he asked.my mother says 'it is just occassional bp problem so it might not be neccessary to inform the agent about it and abt my father she feels same for my father.
Right now as per yur opinion i have taken 3 lakhs insurance from oriental pnb senior apart from national insurance as well-To my surprise they did not ask any details and issued the policy.
In general we are financially weak.
So now keepinf all this info are we are on right track so as to not get rejected if we have health problems or do i need to rectify any thing to be on right path.
Apart from this insurance problem' sir my parents havve 4 lakhs saving and they are dependant on that for some income from it with less risk.
What investment options might be good in tbat situation.
Could yu let me know about these two issues mentioned