Will there be high premium on insurance for prevalent illness

[samkapoor77]

Can a person with high blood pressure get term insurance of Rs. 75 lakhs from LIC? If LIC will issue a policy then will there be a high premium? Can a claim be rejected if the disease is already disclosed in the application form?

[Sameer Kapoor]

Yes, policy will be issued to a person with prevalent problem of high blood pressure but in that case, certain load will be charged to premium, i.e. the premium will be high. I don’t think so that you should pose any problem in getting the claim if the existing ailments are genuinely disclosed in the form.

[Author]

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