Life insurance policy holder: Responsibilities for you

[IndiaInsurance]

Insurance is the business of covering the probability of an individual getting sick or dying. In insurance lingo this probability is referred to as risk -- higher the risk higher the premium. A person with high risk paying low premium by withholding critical information is like travelling with a short journey ticket, which is liable for penalty.

More... (http://www.moneycontrol.com/news/life-insurance/life-insurance-policy-holder-responsibilities-for-you_1206051.html)