Choosing the duration of your policy("Policy term")

Your term life plan should cover you till the time you intend to work.

That means, if you plan to take a chill pill at 45, your term life plan should cover you till then.

Taking a policy that covers you till 65 means your family won’t receive any money if you kick the bucket at, say, 74. And no, you shouldn’t feel bad about it.

By that time, your family would not be dependent on you. With your kids earning and your spouse having their own retirement fund or inheritance from you, they may not need the money from your life cover at all.

You may be advised to take insurance till you’re 75, or even 85, but it is not required - and it is extremely expensive!

The premiums to cover you till that age may be higher by as much as 30%, as your health worsens with age.

ARN: ST/09/24/15411

Disclaimers:

HDFC Life Insurance Company Limited (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101. Registered Office: Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. Email: [email protected], Tel No: 022-68446530. Available Mon-Sat from 10 am to 7 pm.

ARN: ST/07/24/13467

This material has been prepared for information purposes only, should not be relied on for financial advice. You are requested to seek advice from your financial advisor

For more details on the products , riders , risk factors, associated terms and conditions and exclusions please read the sales brochure carefully before concluding a sale.

Please consult your financial advisor for financial advice.

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

HDFC Life | Privacy policy | Terms & conditions

Disclaimers:

The tools and calculators available on this website, like the Term Guide, Underinsurance Checker, and Premium Comparer, (the “Tools”) are indicative tools and are meant to provide a general estimate for your life insurance planning. The results are based on limited facts provided by you, hence HDFC Life Insurance Co. Ltd. (“HDFC Life”) cannot guarantee the accuracy, adequacy, reliability or completeness of any information, computation or recommendation provided by the Tools. By using these tools you provide your consent to HDFC Life to store, process, analyse, or use the data collected from you and you waive your rights you may have in this regard. HDFC Life shall not be liable or responsible for any errors, inaccuracies or omissions or for any loss or damages suffered by any person in connection with the use of or reliance on the Tools. The Tools do not and are not intended to provide any investment, legal, tax or accounting advice. Results from the Tools are not an indication that the product and/or service will automatically be offered by HDFC Life and we reserve the right to offer our product or change information or features of the product and/or service listed at any time without notice. The Tools are the property of HDFC Life and are protected by applicable intellectual property laws. No reproduction, sale, publication, modification, dissemination or commercial exploitation of the Tools or information provided by the Tools is permitted.
HDFC Life Insurance Company Limited (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101. Registered Office: Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. Email: [email protected], Tel No: 022-68446530. Available Mon-Sat from 10 am to 7 pm.

ARN: ST/07/24/13467

This material has been prepared for information purposes only, should not be relied on for financial advice. You are requested to seek advice from your financial advisor

For more details on the products , riders , risk factors, associated terms and conditions and exclusions please read the sales brochure carefully before concluding a sale.

Please consult your financial advisor for financial advice.

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Choosing the duration of your policy("Policy term")

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BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS