Can I transfer my existing pure term policy to a zero-cost plan?2 min read 09 Feb 2023, 10:40 PM IST
Zero-cost plans are more expensive than regular term plans, meaning you will have to pay extra premiums for 20 years before being eligible for a refund.
I bought a pure term insurance plan five years ago and have paid around ₹1.5 lakh as premium. Recently, I came to know about zero-cost term plans. Can I switch my current plan to zero-cost term plan so that I can get back my premium amount entirely?
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