Yes. cause it is in the proposal form.

Purpose... one of it is that, from insurance company point of view... someone who is say earning 48,000 a year decided to buy many insurance policies, probably amounting to 1million can be rather suspicious.

the main reason, i'm not too sure.

Just to find out how much you are insured and whether you're trying to launder money with insurance. They can check with Liam actually but depends on how truthful are you

Yeah, the new proposal form would ask my existing insurance policies (which company, coverage, etc.)

On the other hand, it's important for your agent to know also because they don't want to duplicate what you already have. This understanding would help them identify your needs better and find a very much suitable plan.

So far Lion balance fund is having a good track record and since insurance is not a the sole tool to generate income, so I will always recommend my client to go for either Lion Balance Fund or Lion Fixed Income Fund.

No, it wont affect the earlier insurance, but for the next renewal, the NCD will be zero.

Yes it is very normal for an insurer to add loading for being underweight. The reason for loading for underweight is that their immune system may not be as good as a normal weight person, thus resulting in claims occuring.

I believe it is just a mild loading unless of course your friend has been admitted before due to being underweight, then the loading may be more. Well at least it is only loading, and no exclusion.

Once your friend has gain the normal weight (normally after 1 year) he/she may apply for removing the loading, provided there hasnt been any admission to the hospital in regards to weight issue.

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No, even if your friend were to "try" another insurer, the loading is still necessary due to the above reason. In the insurance application there is also a health question on whether have you applied for any insurance before and whether it is accepted at standard or special rate.

Tick "no" at the second insurer construed to having not to disclose material fact that may impact how the policy is being underwritten. Therefore if a claim were to arise which directly or indirectly related to your friend weight issue, it may be rejected.

It depends on the underwriter on this. Underweight also pose a health problem. Can try with other insurance company to see what's the outcome. You may also choose to apply to waive the loading 1 or 2 year later if your friend weight is normal again.

so did u pay the extra? if not, what would happen?