One of the
question asked by most of the policy holders is can i get my birth date as my
policy’s stating date ?
The answer
for it is “ YES! you can.”
| Now lets
discuss what is Back Dating |
Back dating
is a term used with policies and Life Insurance or any other Insurance. It is
just the act of desire date you want to get as a starting date for your policy.
For most of the policies that Life Insurance Corporation Provides are having
Back dating option. The policies can be back dated some financial year. But as
Life Insurance Corporation is providing you this facility they are obviously going
to charge you something and that is not the ‘fine’ or any ‘extra cash’. You have
to pay interest as applicable at the time of completion of policy( at the rate
are fixed by the corporation from the time to time) for the period in excess of
one month.
It means that you are choosing option to pay
your premiums from the date you wish but
Life Insurance Corporation of India is just charging you the Interest.
You can
comment further questions if you have any
At SFS Enterprises, we understand the importance of having the right life insurance coverage in place. That's why we have assembled a team of the best life insurance advisors in Delhi NCR to assist you every step of the way. Whether you're looking for term life, whole life, or universal life insurance, we have the expertise to help you make an informed decision and protect what matters most.
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