Everyone will not get Term Life Insurance, the rules have changed

If you are also thinking of taking term insurance, then taking it is not going to be easy now.

According to the new rules, if your income is less than Rs 5 lakh and you are not a graduate, then top private companies in the country will not give you term insurance.

Now these conditions will remain

• To get a normal term insurance plan, it is necessary to be a graduate.

• If education qualification is not graduate then earning should be up to 10 lakhs.

• The companies have the right to decide the premium and terms in the term insurance policy.

• Re-insurance companies also increased strictness for life insurance companies.

• Re-insurance premium increased further after change in claim pattern.

• Term plan rates in India have been very low as compared to countries around the world.

• IRDAI's Saral Jeevan Bima Standard Term Insurance for Low Income People.

• The premium of Saral Jeevan policy is three to four times more than that of a normal policy.

Buy Term Insurance plan start with ₹400 p.m.