Can I port my term insurance policy?
Term Insurance policy cannot port to other companies. Term Insurance plans are a pure form of Insurance plans. The premium of the Term Insurance policy is calculated on the basis of entry age. For any reason, if you are not interested in the existing Term plan, please search for other Life Insurance companies’ term plans with more benefits like reduced premiums, after-sale services etc.
Term Insurance FAQ
What is a Term Insurance?
Term Insurance is a pure form of Insurance. Term plan benefits would be passed on to the nominees in case of the death of the policyholder during the term of the policy
What is the eligibility for term life insurance?
1) Minimum age should be 18 years and above.
2) Income is a must
3) Need to complete the medical tests as directed by the Life Insurance company.
3) Submission of Financial papers to be submitted as requested by the underwriter.