Hello Saurabh, The entry age for buying a health insurance policy varies from insurer to insurer. Generally, the minimum entry age is 18 years and the maximum entry age is 65 years. However, some insurers may have different age limits. It is advisable to check with the insurer or visit their website to know the exact entry age criteria for their health insurance policies. Click to know everything about Health Insurance

Hello Saurabh, At Policybazaar, we understand that choosing the best Term Insurance coverage depends on your unique needs, lifestyle, and financial goals. Term insurance provides financial security to your family in case of an unfortunate event, ensuring they are protected and secure.

Here's how to choose the best term insurance cover for you:

1. Coverage Amount:

   • A good rule of thumb is to opt for a cover that is 15-20 times your annual income. For example, if you earn ?10 lakhs annually, consider a cover of ?1.5-2 crores.

2. Policy Tenure:

   • Choose a tenure that covers you until your retirement age or until your dependents are financially stable. Typically, this means coverage up to 60-65 years of age.

3. Add Riders for Enhanced Protection:

   • Consider adding riders like:
     • Critical Illness Rider: Provides a lump sum if diagnosed with a major illness.
     • Accidental Death Benefit: Offers additional payout in case of accidental death.
     • Waiver of Premium: Waives future premiums if you're unable to pay due to disability.

4. Check Claim Settlement Ratio:

   • Opt for insurers with a high claim settlement ratio (above 95%) to ensure smoother claim processing.

5. Online vs. Offline Plans:

   • Online term plans often come with lower premiums compared to offline plans. At Policybazaar, you can easily compare and buy the best term plans online.

6. Premium Affordability:

   • Choose a policy that offers a balance of adequate coverage and affordable premiums.

Why Buy Through Policybazaar?

• Compare Multiple Plans in one place.
• Expert advice to help you find the right cover.
• Easy, transparent, and hassle-free buying experience.

Secure Your Family's Future – Get the right term insurance today and ensure peace of mind for tomorrow.

Hello Shilpa, You can buy the plan here and also check the premium amount: Term Insurance

Term insurance policies are known for affordability, as they typically offer higher coverage amounts at a lower premium than other life insurance policies. This is because term insurance policies do not accumulate cash value over time and only provide a death benefit if the policyholder passes away during the policy term.

Policyholders can choose the amount of coverage they want and the length of the policy term. Suppose the policyholder passes away during the policy term. In that case, the beneficiaries will receive a lump sum payment, which can be used for expenses such as mortgage payments, college tuition, or other bills.

Once the policy term has ended, policyholders can choose to renew it, convert it to a permanent life insurance policy, or let it expire. However, if the policyholder outlives the policy term, there is no payout, and the policy expires.

Term insurance policies are popular among those who want affordable and straightforward life insurance coverage for a specific period. It is essential to carefully review the policy terms and conditions to ensure that the coverage and the length of the policy term meet your needs.