Why insurers are wary of term plans for the chronically-ill

Obtaining a term insurance policy can be difficult for individuals with chronic illnesses, as insurers consider them high-risk. Some insurers may reject proposals or demand high premiums. Bajaj Allianz Life Insurance has launched a diabetes-specific term plan, but the industry needs to develop more options for people with chronic diseases. In high-risk cases, group insurance plans or negotiations with insurers through trusted advisors may be options. It is still important for individuals to buy ...