What are the disadvantages of an Insurance policy?

6 Views|Posted 5 days ago
Asked by Shiksha User
1 Answer
A
a year ago

Here are some disadvantages of an Insurance policy:

  • Expensive for old people: People who buy a policy when they develop a medical condition or cross a certain age, will get charged more.
  • Issues with claim settlement: Insurance policies have certain inclusions and exclusions along with terms and condit

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