What Is Voluntary Life Insurance?

What Is Voluntary Life Insurance?

Voluntary Life Insurance offers you an option to customize your group insurance cover. Voluntary life insurance is a type of insurance that has the policyholder pay an annual premium to the insurer in return for coverage. The policyholder is not required to claim their own life to receive benefits from the plan.

The company provides a range of benefits, such as:

  • Death benefit: The company will pay out one lump sum payment if the policyholder dies.
  • Disability benefit: The company will pay out monthly payments for up to 24 months if the policyholder becomes disabled.
  • Critical illness benefit: The company will pay out monthly payments for up to 36 months if the policyholder becomes critically ill and needs long-term care.

How Much is Life Insurance for a 71 Year Old in India?

Life insurance is a financial product that provides protection against the risk of death. The cost of life insurance for an individual can vary depending on factors such as age, gender, health, and salary, other factors.

The average cost of life insurance for 71 years old Male, with no Tobacco habits, and an annual income of 10 Lakhs. The premium payment mode is Monthly and the Sum assured is 1 Crore, the Policy Term up to 99 years is around Rs. 18,000* to 20,000*.

The average cost of life insurance for 71 years old Female, with no Tobacco habits, and an annual income of 10 Lacs. The premium payment mode is Monthly and the Sum assured is 1 Crore, the Payment Term up to 99 years is around Rs. 15,000* to 18,000*.

How Much is Life Insurance for a 69 Year Old in India?

Life insurance is a financial product that provides protection against the risk of death. The cost of life insurance for an individual can vary depending on factors such as age, gender, health, and salary, other factors.

The average cost of life insurance for 69 years old Male, with no Tobacco habits, and an annual income of 10 Lakhs. The premium payment mode is Monthly and the Sum assured is 1 Crore, the Policy Term up to 99 years is around Rs. 17,000* to 20,000*.

The average cost of life insurance for 69 years old Female, with no Tobacco habits, and an annual income of 10 Lacs. The premium payment mode is Monthly and the Sum assured is 1 Crore, the Payment Term up to 99 years is around Rs. 14,000* to 18,000*.

How Much is Life Insurance for a 66 Year Old in India?

Life insurance is a financial product that provides protection against the risk of death. The cost of life insurance for an individual can vary depending on factors such as age, gender, health, and salary, other factors.

The average cost of life insurance for 66 years old Male, with no Tobacco habits, and an annual income of 10 Lakhs. The premium payment mode is Monthly and the Sum assured is 1 Crore, the Policy Term up to 99 years is around Rs. 15,000* to 17,000*.

The average cost of life insurance for 66 years old Female, with no Tobacco habits, and an annual income of 10 Lacs. The premium payment mode is Monthly and the Sum assured is 1 Crore, the Payment Term up to 99 years is around Rs. 13,000* to 15,000*.

How Much is Life Insurance for a 63 Year Old in India?

Life insurance is a financial product that provides protection against the risk of death. The cost of life insurance for an individual can vary depending on factors such as age, gender, health, and salary, other factors.

The average cost of life insurance for 63 years old Male, with no Tobacco habits, and an annual income of 10 Lakhs. The premium payment mode is Monthly and the Sum assured is 1 Crore, the Policy Term up to 99 years is around Rs. 12,000* to 13,000*.

The average cost of life insurance for 63 years old Female, with no Tobacco habits, and an annual income of 10 Lacs. The premium payment mode is Monthly and the Sum assured is 1 Crore, the Payment Term up to 99 years is around Rs. 10,000* to 12,000*.

How Much is Life Insurance for a 59-Year-Old in India?

Life insurance is a financial product that provides protection against the risk of death. The cost of life insurance for an individual can vary depending on factors such as age, gender, health, and salary, other factors.

The average cost of life insurance for 59 years old Male, with no Tobacco habits, and an annual income of 10 Lakhs. The premium payment mode is Monthly and the Sum assured is 1 Crore, the Policy Term up to 99 years is around Rs. 10,000* to 11000*.

The average cost of life insurance for 59 years old Female, with no Tobacco habits, and an annual income of 10 Lacs. The premium payment mode is Monthly and the Sum assured is 1 Crore, the Payment Term up to 99 years is around Rs. 9500* to 10,500*.

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