Deepak Sood

I am 32, working and want to buy an online life cover of Rs 50 lakh. My wife (30) is a homemaker and we have a two-year-old daughter. What are the criteria I need to fulfil?

Several insurance companies offer online term insurance and has become popular due to their competitive premium rates. It’s a wise decision to buy term insurance keeping in view your age and family composition. Usually, insurers allow term cover on the basis of age, income, occupation, and present and past medical history. You might be required to undergo a medical examination depending on internal guidelines of the insurer. Before finalising, you could consider comparing premium rates, additional riders offered and the insurer’s track record. Read more