Term Life Insurance for Young Professionals

How Does Term Insurance Work?

Why Should You Buy Term Life Insurance at a Young Age?

What to Ask Yourself Before Buying Term Life Insurance?

How to Choose the Right Term Life Insurance Plan for Young Adults?

FAQs about Term Insurance for Young Professionals

What is the minimum age for term insurance in India? up-arrow

The minimum age at which you can buy a term insurance plan for yourself in India is 18 years.

Are riders available with term life insurance for young adults? up-arrow
What is the best age to buy term insurance? up-arrow

Typically, people should buy term insurance while still in their 20s, as it is the age when most people start earning, have relatively few expenses, are healthier, and can get policy at lower premiums.

Who should young adults nominate as the beneficiary of the term life insurance policy? up-arrow

You can nominate anyone as the beneficiary of the term life insurance policy. However, you must keep the nominee updated in case of any personal changes such as marriage, divorce, or birth of a child.

Can a 22-year-old switch to a different term life insurance policy in the future? up-arrow

Yes, young adults can switch to a different term life insurance policy after they have compared the policies and if they feel the new policy will provide better coverage and benefits. However, they need to follow certain rules and regulations to make such a type of transfer possible.