Term insurance is a crucial financial tool that provides a protective shield to individuals and their families against unforeseen circumstances. In India, term insurance offers specific benefits to senior citizens, ensuring their financial security during their golden years. In this article, explored are the age limit for opting for a term insurance in India. Also, highlighted are the benefits of term insurance for senior citizens.
Age limit for opting for term insurance in India:
The age limit for term insurance in India varies across insurance providers. Generally, most insurers offer term insurance policies to individuals between the ages of 18 and 65 years. However, it’s important to note that the maximum age for entry and the maximum coverage age can differ among insurers. Some insurers may have a maximum coverage age of 70 or even higher. Therefore, it is advisable to compare different insurers and their terms and conditions to find the one that suits your…