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The minimum age for taking term insurance plan for 1 Crore Life Insurance is 18 years while the maximum age is 65 years in most of the term insurance plans. Please note that the term insurance premium payable increases with increase in the age of the applicant. Higher age applicants have to shell out more money to purchase term insurance as the mortality rate is higher.
The Premium amount will pay for a 1 Crore Term Plan at 23 years of age is low because the premium costs are lesser at early ages compared to an older person with pre-existing diseases. Buy a life insurance policy when you’re young and get benefits like low premiums and save money and get peace of mind.
Also read to know more about Max Life Insurance: Premium Receipts, Surrender Value, Auto Pay
To check your LIC Life Insurance policy claim status online, follow these steps:
The process of surrendering an LIC life insurance policy online is easy. To surrender your LIC life insurance policy online, send an email to LIC life insurance customer service with the reason for surrendering the policy along with the required policy details and other documents. Once the surrendering form is submitted to the insurance provider, they will surrender the policy. The surrendering process may take some time to complete. Wait for confirmation from LIC Life Insurance that your policy has been successfully cancelled. Once the refund application is approved the refund amount is credited to your account.
To check the fund value of your LIC (Life Insurance Corporation of India) life insurance policy online, follow these steps:
To download an Edelweiss Tokio life insurance policy statement, you typically need to follow the below steps.
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