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Who Should Buy Term Insurance?
You should consider buying a term insurance along the following life stages;
- If you are single – Your parents may - currently or in future be dependent on you. It is essential to secure their lifestyle during retirement
If you are married with no kids – Your spouse may be completely or partially dependent on you financially. It is important to secure their lifestyle in your absence.
If you are married and have kids – Your kids’ education and marriage expenses are two important goals that you need to secure. Besides, , you also need to maintain the current lifestyle for your partner, even in your absence.
From an eligibility perspective a person aged 18 years can buy a term plan. Maximum entry age may vary from one insurer to the other. With Max Life the maximum age to buy the term plan is 60 years.
Advantages of choosing Max Life Insurance
- Awarded Best Term Plan Company 2018-19 (CMO Asia BFSI Excellence Award, 2019)
- Assets Under Management of Rs.62,798 Cr (Source : Public disclosure FY18-19)
- Trustworthy Claims Paid Percentage of 98.74% (Source : Max Life Public Disclosure FY18-19)