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FAQs
What are the consequences if I do not pay life insurance premium on time?
The policy becomes non-functional if you fail to pay life insurance premium on time . You will have to pay the revival premium to reactivate the lapsed insurance policy.
Do I have the option of paying premium on a half-yearly basis?
You can choose to pay your life insurance premium on a monthly , quarterly, half-yearly, or yearly basis . Some life insurance policies also offer a one-time premium payment option. So, you have flexible options to pay your insurers.
At what age should I buy life insurance?
There is no fixed age to buy a life insurance policy. The sooner you buy it, the better it is for you given that the premium gets costlier as you age .
