I have purchased an online term insurance policy from ICICI Prudential. In proposal form, by mistake I mentioned LIC policy that has been surrendered long back. The policy is issued. The policy is in free look-up period. Can this change be brought in the policy now? Since it is misleading information, will it have any impact on my new policy?
Had it been a running policy and you would have skipped to mention it, then there would have been a problem. A surrendered policy would not cause anything unfavourable and therefore, there will be no impact on your new policy.