Sentences with phrase «smoking after you buy the policy»

Not exact matches

If you want to get life insurance before you quit smoking, you can always request a reevaluation after you've bought the policy, that way you don't have to go another year without life insurance coverage.

For example, if you are a smoker you already know that you will be paying twice as much for life insurance coverage due to your habit but if you decided to quit smoking for more than two years after you bought your policy you can qualify for non-smoker rates which can lower your premiums drastically.

If the policyholder has developed any habit, like drinking or smoking, after buying the policy, he generally does not have to disclose this fact to the company at all, unless it is clearly mentioned in the policy document.

If the policyholder has got into the habit of smoking or drinking or the habits that might reduce their life expectancy after buying the policy, they have to necessarily reveal this fact to the insurance provider as they are now part of a different risk pool.

What happens if I start consuming alcohol or start smoking after buying the term insurance policy from Bajaj Allianz Insurance Company?

Your base cover won't be affected if you start consuming alcohol or start smoking after buying the term insurance policy from Bajaj Allianz Insurance Company.

Also if an individual starts smoking and / or drinking few months / years down the line after buying the life insurance policy, still it does not affect the claim settlement of the life insurance policy already bought.

Some insurance companies may require the policyholder to inform them about smoking / drinking if he starts these things after buying the policy, but that will not have any impact on the premium as the premium once fixed at the time of taking the policy does not change (as per the terms and conditions in the policy).