Check with seller What is an example of a term policy?
- Location: Mumbai, Maharashtra, India
If he passes away after the term policy has expired, his beneficiary will not be refunded. After ten years, if he is still living and decides to renew the insurance, the premiums will be higher since they will be calculated using his current age of 40 rather than his original age of 30.
https://lifeinsurance.adityabirlacapital.com/term-insurance
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