Term Insurance for 50-Year-Olds in India | Compare & Apply

Q: Is medical test mandatory at age 50?

In most cases, medical tests are mandatory at age 50.

Q: Can a 50-year-old get ₹1 crore cover?

It depends on the individual's income and health profile.

Q: Are pre-existing conditions allowed?

Some managed pre-existing conditions may be accepted with higher premiums.

Q: Does smoking affect approval at age 50?

Yes. Smoking significantly impacts eligibility and premium cost.

Q: Is online purchase available at age 50?

Yes, online purchase is available with digital verification and medical tests.

Q: Can self-employed 50-year-olds buy term insurance?

Yes, self-employed individuals can buy term insurance with proper income proof.

Q: Is claim settlement harder for older buyers?

No. Claim settlement depends on accurate disclosures, not age.

Buying term insurance at age 50 is still possible in India, but options are more limited compared to younger ages. Eligibility depends heavily on health disclosures, medical test results, coverage amount, and policy tenure. This page explains what 50-year-olds can realistically expect when buying term insurance and how to improve approval chances.

Can You Buy Term Insurance at Age 50?

Yes. Many insurers allow entry at age 50, subject to:

Mandatory medical tests
Income and occupation verification
Shorter available policy tenures

Premiums are higher due to age-related risk, but coverage is still available.

What Changes at Age 50

Higher premiums compared to earlier entry ages
Limited maximum coverage amounts
Shorter policy tenure options
Policy term and payout structure
Stricter underwriting

Understanding these constraints helps avoid rejections.

Coverage and Tenure Expectations

Factor	Typical Range at Age 50
Policy tenure	10–20 years
Coverage amount	Profile dependent
Medical tests	Usually mandatory

Actual terms depend on individual health and income.

Mistakes to Avoid at Age 50

Applying for very high coverage without income support
Choosing very short tenure that increases annual premium
Incomplete or incorrect medical disclosures

Frequently Asked Questions

Can a 50-year-old buy term insurance in India?

Yes, subject to medical tests and underwriting approval.

Is medical test mandatory at age 50?

In most cases, yes.

Is term insurance expensive at age 50?

Premiums are higher compared to younger ages due to increased risk.

What policy tenure is available at age 50?

Typically 10–20 years, depending on the insurer.

Can a 50-year-old get ₹1 crore cover?

It depends on income and health profile.

Are pre-existing conditions allowed?

Some managed conditions may be accepted with higher premiums.

Does smoking affect approval at age 50?

Yes. Smoking significantly impacts eligibility and cost.

Is online purchase available at age 50?

Yes, with digital verification and medical tests.

Can self-employed 50-year-olds buy term insurance?

Yes, with proper income proof.

Is claim settlement harder for older buyers?

No. Claims depend on disclosures, not age.

Can policy tenure extend beyond retirement?

Some insurers allow limited post-retirement coverage.

Is it better to buy lower coverage at age 50?

Coverage should match realistic needs and eligibility.

Can coverage be increased later?

Usually not without new underwriting.

Does city affect eligibility at age 50?

No. Eligibility depends on personal profile.

Are riders available at age 50?

Some riders may be limited.

What documents are required?

Identity proof, income proof, and medical reports.

Can multiple policies be bought at age 50?

Yes, subject to total eligibility.

Does BMI affect approval?

Yes. Extreme BMI may affect premiums.

How long does approval take at age 50?

It may take longer due to medical evaluation.

How should a 50-year-old choose a policy?

Focus on eligibility, tenure, and affordability.

Customer Reviews

“The explanation helped me set realistic expectations before applying.”

Sunil Arora, 52, Faridabad

“I understood why medical tests were necessary at this age.”

Kavita Menon, 50, Palakkad

“The guidance helped me choose a shorter, affordable tenure.”

Rakesh Choudhary, 55, Ajmer

“Knowing approval limits upfront saved time.”

Anita Kulkarni, 51, Sangli

“The clarity around age-related restrictions was helpful.”

Mahesh Rao, 58, Udupi

Check Eligibility at 50

Related Resources

You may also want to check how much coverage you may need.

You may also want to see what affects your final cost.

You may also want to compare actual quotes for your profile.

Term Insurance For 50-Year-Olds In India | Compare & Apply