A smoker will have to shell out more than what a non-smoker pays, for obvious reasons
Hike in reinsurance rates is cited as the main reason for jacking up term insurance prices.
IRDAI's objective is to safeguard policyholders' interests while also advancing the industry as a whole.
Term insurance is the most affordable insurance cover as there is no investment element attached to it.
It is essential to understand ways to increase sum assured amount while term insurance is ongoing depending upon the unwinding circumstances in life
In majority of the term insurance plans, the maximum entry age is up to 65 years. These can provide coverage of up to 80 years.
Prudent choice is an individual should always choose the regular payment term
In India, while a small part of the life insurance business is reinsured by GIC, a larger part is written by foreign players