Mahavir Chopra, Founder, Beshak.org, says “typically this is a case where people are unaware of the terms and conditions when they buy the policy and later on they come to know that probably by talking to some other financial advisor or reading on the subject, people get triggered about surrendering their policy. The other could be specific reasons like when a person is not able to pay premiums.”
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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