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Term Insurance for Heart Patient
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21 Dec, 2021
by Kishore K
Hey All,
I am 35, and have suffered heart attack in April & May 2012.
Is it possible for me to buy a term insurance now.
Thank you in advance.
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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