Buying a term insurance plan? Keep these points in mind

An insurance contract is based on the principle of utmost good faith. It becomes null and void if the insurance company discovers that the policyholder has given incorrect information in the form. Concealment of lifestyle habits or medical conditions can lead to rejection of the claim later on. If you smoke or drink, mention that. If your family has a history of diabetes, don’t hide the fact. It will bump up the premium by a few thousand rupees, but will not jeopardise the insurance claim by your nominee.Text: ET Wealth Provide correct details