Term Insurance

What happens if I stop paying term insurance premium?

I have been paying term insurance for 5 years. Due to financial issues, I might have to stop. What happens?

#term #premium #lapse
6
99 4 1 year ago
Asked by vikram_singh (19 rep)
Share:

4 Answers

Join the Conversation

Sign in to share your knowledge and help others

Login to Answer

Community Answers

Please disclose all existing medical conditions. Non-disclosure is the #1 reason for claim rejection. (Reference: 7883)

2
1 year ago
ADVISOR Dr. Suresh Iyer (95 rep)

My agent told me otherwise, but this makes more sense. Thanks!

8
1 year ago
( rep)

Great advice. Term insurance is very underrated in India.

0
1 year ago
anonymous_user ( 11 rep)

Is it possible to increase the cover later? I expect my salary to grow.

0
1 year ago
priya_sharma ( 32 rep)

Related Questions

Term insurance vs ULIP - which is better for 28 year old?

55%
266 0 5
Life Insurance

Term insurance vs ULIP - which is better for 40 year old?

55%
500 0 2
Life Insurance

Term insurance vs ULIP - which is better for 32 year old?

55%
264 0 3
Life Insurance

Term insurance vs ULIP - which is better for 28 year old?

55%
213 0 1
Life Insurance

Term insurance vs ULIP - which is better for 35 year old?

55%
244 0 14
Life Insurance

Term insurance vs ULIP - which is better for 38 year old?

55%
506 0 12
Life Insurance
View all in Term Insurance
```