Originally posted by Chitrashi
Your grandparents might've had their policies from their younger days and the same are continuing. They would not be eligible to get new policies now.
That could be possible, 'coz the family is very particular about insurances and certain things of the likes.
I liked this article, it's old though. Kind of makes sense, specially if you are an elderly person enrolling into a new policy! You really don't have ur funds accumulated through your premimums, plus you are more prone to illness. Keeping the two pools of policy holders separate does make sense, but that shouldn't stop companies from taking up new policies for the elderly.