Dear Kishore

Insurance is a proposal and Acceptance contract .

There is no harm in applying , apply by declaring your problem alongwith all reports .

There are three possibilities

1. Accept : chances are only 1 % because of your heart condition .

2. Reject : chances is 90 % that you case will not be accepted . In this case , your full money will be returned .

3. Rate up : Insurance company would give you a counter offer of increase in premium rates .

In any case , you will not be looser because your premium will be refunded . If you do not want full premium then buy in quarter mode and if case is accepted then change premium to annual mode .

Hope this suffice