Last Updated : Nov, 2024
Does Term Insurance Premium Increase Every Year?People often need an answer about whether their term insurance premium increases every year. If you are also confused about the same then after reading this article all your doubts will be clear.Yes, term insurance premiums slightly increase yearly due to rising inflation in the economy. You should buy it as early as possible to avoid the rising premiums. The sooner you purchase, the more affordable premiums you have to pay.But once you purchase a ...
Written By : Himanshu KumarLast Updated : Nov, 2024
Grace Period In Term InsuranceIn a term insurance policy, the grace period is vital since it offers individuals additional time to settle their premium payments. While timely premium payments play a vital role in keeping the policy active, there may be occasional occurrences of missed payments resulting from unforeseen situations. The importance of a grace period becomes notable at this specific point in time. This article will concentrate on examining what a grace period in term insurance is, w...
Written By : Himanshu KumarLast Updated : Nov, 2024
Advantages & Disadvantages of Term InsuranceVarious questions arise in one’s mind while looking out for insurance policies that best suit our as well as our family’s needs. When it comes to financially protecting your family in your absence, the simplest and best option is term insurance. Term insurance is the most basic form of life insurance that provides financial protection by offering a large amount of life cover i.e. sum assured at a comparatively low premium rate. In case ...
Written By : Himanshu KumarLast Updated : Nov, 2024
What is Term Insurance for Senior CitizensBuying a term plan at an early stage of life is always advisable to get protection for a longer period at affordable premiums. But, did you get caught up in life and miss out on securing your future? Undoubtedly, it’s not a wise move that may affect you in the long run.However, you can still secure your future with term insurance even if you are a senior citizen, i.e. more than 60 years old. Term life insurance plans for senior citizens offer simil...
Written By : Himanshu KumarLast Updated : Oct, 2024
1 Crore Term Insurance Plan in IndiaA one-crore term insurance policy provides a death benefit of 1 crore rupees to the nominee, upon the demise of the life insured during the policy term. With the rising rates of inflation, a one crore term insurance is the perfect amount that your family needs to sustain their lives in your absence.So we are suggesting some term plans for you with a sum assured of 1 crore, along with the features that make them unique from each other with the claim settlement ...
Written By : Himanshu KumarLast Updated : Oct, 2024
10 Crore Term Insurance PlansA 10 crore term insurance plan is a pure protection plan that provides 10 crores of sum assured to the nominee of the policyholder in case of his demise. This sum assured of 10 crores is sufficient with the rate of inflation to support your family in tough times and also helps them pursue their future goals in your absence.It is to be noted that a 10 crore term policy will come with higher premiums and can only be bought if your monthly income is eligible for the sam...
Written By : Himanshu Kumar100% Claim
Assistance
200000+
Customers
Lowest Price
Guarantee
Neutral
Advice
*Terms and Conditions May Apply
4.5
Rated by 961 customers
Select Your Rating
Let us know about your experience or any feedback that might help us serve you better in future.
Priya has been in the content writing industry for over 9 years. She has been religiously following the insurance sector since the start of her career which makes her an avid insurance expert. Her forte lies in health, term, and life insurance writing, along with her knowledge of the latest developments in the insurance sector.
Do you have any thoughts you’d like to share?