Safety Of Private Insurance Company

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Safety Of Private Insurance Company

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4th April 2011, 03:09 PM

SJAIN

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Safety Of Private Insurance Company

I want to take term insurance for 1 crore sum assured for 20 yr term from pvt insurance company as there premium are much low. I want to know whether "IRDA" or any body say govt, give any guarantee that in case pvt company ceases its existence for any reason whatsoever still I will be able to continue on same premium & for same period (term).

Sanjay Jain.

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