Term Insurance

Can I increase term insurance cover after buying?

I bought 50 lakh term insurance 3 years ago. Now I want to increase to 1 crore. Is it possible?

#term #coverage #increase

5

87 3 2 years ago

Asked by ananya_gupta (37 rep)

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3 Answers

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Term insurance is a must for financial security. I recommend a cover of at least 10-15 times your annual income. (Reference: 6835)

10

2 years ago

ADVISOR Nisha Kapoor (85 rep)

I read somewhere that medical tests are mandatory for high coverage terms.

5

2 years ago

kavya_nair ( 41 rep)

I suggest checking policybazaar for comparing premiums.

2

2 years ago

priya_sharma ( 32 rep)