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Thread: Change the frequency of payment for my policy

  1. #1
    PolicyWala NewBie
    Join Date
    Jul 2009
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    India
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    4

    Default Change the frequency of payment for my policy

    Hi All,
    I have one Life Insurance from private life insurance company. Due to some financial difficulties I want to change the frequency of payment for my policy? Is it possible.

    Thanks in advance!

    R Sharma



  2. #2
    PolicyWala Fan Natraj's Avatar
    Join Date
    Apr 2009
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    Banglore
    Posts
    87

    Default

    Yes, you can change the premium frequency from low (annual) to a higher frequency (bi-annual or monthly) or vice-versa.
    In order to get a Loan, you first need to prove that you don't need it.

  3. #3
    Moderator CONFUSED's Avatar
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    Apr 2009
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    Mumbai
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    390

    Default

    Quote Originally Posted by rsharma View Post
    Hi All,
    I have one Life Insurance from private life insurance company. Due to some financial difficulties I want to change the frequency of payment for my policy? Is it possible.

    Thanks in advance!
    R Sharma
    Always go with annual premium option than you would have to pay less premium for the same coverage.
    Rules/Guidelines at PolicyWala | Help Old People |
    I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.


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