Can I Withdraw Money If Premium Term Completed?

Yes, you can withdraw money after completion of the premium term but this is allowed when all due premiums have been paid on time

what does policy term mean in life insurance?

The meaning of policy term in the life insurance policy is the period for which your term insurance policy will remain active. This term is determined at the time of purchasing the insurance plan. It is used to refer to the period during which the life insured is provided guaranteed coverage by the insurer.

What is the Minimum Policy Term for HDFC Life Group CP Plus Insurance Plan?

The minimum policy term for the HDFC Life Group CP Plus Insurance Plan is One Month to 30 years. The plan is a non-linked non-participating group term insurance plan that provides life insurance coverage to members of a group, such as employees of an organization or members of an association. The policy offers flexible coverage options, such as level cover or reducing cover, and provides a lump sum benefit to the beneficiary named in the policy in the event of the insured member's death during the policy term.

What Policy Term Should I Select?

There are 4 types of term policies in general; Increasing term insurance policy, decreasing term insurance policy, Pure term insurance policy, Money back term insurance policy. The type of term insurance policy required varies from one person to another. The term policy should be selected on the basis of your requirements. Most people consider the pure term policy which pays the claim in case of death of the policyholder and few of them consider increasing sum insured term insurance policy. Different term insurance policies have different conditions under which they can be purchase. If you are unable to decide on which type of term insurance policy to purchase, please talk to our expert who can guide you in your term insurance purchase.

How Much Premium for 20 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 20 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 20 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 20 crore term insurance policy might range from approximately Rs. 1,20,000* to Rs. 1,50,000*.

How Much Premium for 15 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 15 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 15 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 15 crore term insurance policy might range from approximately Rs. 1,00,000* to Rs. 1,15,000*.

How Much Premium for 10 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 10 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 10 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 10 crore term insurance policy might range from approximately Rs. 75,000* to Rs. 85,000*.

How Much Premium for 7 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 7 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 7 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 7 crore term insurance policy might range from approximately Rs. 40,000* to Rs. 60,000*.

How Much Premium for 5 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 5 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 5 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 5 crore term insurance policy might range from approximately Rs. 25,000* to Rs. 35,000*.

Previous Next

Start Saving Money on Insurance Policy

Compare Life, Health, Car and Two wheeler Insurance rates from top Insurance companies for free.

Start Comparing
1,000+ Reviews
Been Here Before?
Get Back to My Quotes

PolicyBachat Blog

Life Insurance By City

Life Insurance By State

Life Insurance Companies

Please wait while your request is being processed.