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You can buy a life insurance policy if you are above 65 years of age. You cannot be denied the life insurance policy if you are above 65 years of age. However, the company might have a higher premium for you because your risk is higher than someone younger...Read More
You can purchase two or more term insurance plans in India to fulfill your insurance requirements. go through our online portal PolicyBachat.
Life is unstable and we need a backup plan to provide financial security to our family. In case of sudden demise, the family might face financial hardships due to the death of the earning member of the family. A term policy covers the children's education costs, clears the outstanding loans, and provides income to the family of the policyholder in case of the untimely demise of the insured.
There is no better time to buy a term life insurance policy. It is better now than never to purchase life insurance policy. Ideally one should purchase a term insurance policy immediately after starting a job. Early term insurance purchase results in lower premiums to be paid to the insurance companies. The term insurance premium depends on the age of the proposer and thereby increases with increase in age.
Most of the insurance companies restrict the maximum entry age to buy a term insurance policy to 65 years. This is due the general practice that most of the people retire at the age band 60-65 and also would be free from all the financial obligations and liabilities, hence there would be no need to have a term insurance policy. The minimum entry age for a term insurance policy is 18 years while the maximum entry age is 65 years. Once the term policy is taken the term can be chosen by the proposer, the younger the proposer higher the term period.
There are many benefits in buying a term insurance policy online. Few of them are listed below:-
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