0 votes
in Insurance by

Q. Is it advisable to replace the policy with another policy?

1 Answer

0 votes
by

If it is not a long duration that you have bought the policy, then you can replace the policy. But in other case it is not advisable as you will lose all the benefits of the previous policy also the premium will go high as you go older.  Also, the two-year period of contestability will also begin again.

Related questions

0 votes
0 votes
asked Feb 5, 2021 in Insurance by SakshiSharma
0 votes
asked Aug 2, 2020 in Insurance by Hodge
...