What are the exclusions to the policy?
The exclusions sheet is very important and informative. Read this piece of paper well. Generally, pre-existing illnesses in a medical plan, suicides within a year of policy and death while partaking in a criminal activity are excluded. Take a look at the rider exclusion sheet. A rider is an optional add-on which can be attached to the policy. For example, a critical illness rider can be added to your main policy. But you will have to pay additional premium for this. • Want to insure your body? 6. Can I backdate my policy? Why would you want to do that? Because insurance premiums are calculated on your age. By backdating your policy, you save by paying lower premium every year. Every six months, the age is increased .So if you are 25 years and 7 months, the age is considered as 26 years. If it is 25 years 4 months, the age considered 25 years. Of course, this is the general rule and could vary between companies. Let’s see how this actually works out. Say, your date of birth is August 9,
