Insurance companies understand the fact that every individual may have different insurance needs and budget. Before an individual buys a life insurance policy, he\she must be well aware of the types, features, terms, and conditions, and benefits of the life insurance policy. So, here we are covering two types of policies, aged based policy and level based policy, choose the one that fits your needs. Here is what you need to know about these policies.

Aged based policy

premium in this type of policy is based on your age which is recalculated every year on the anniversary of your policy. For those who are tight on budget, this type of policy can be the right choice to make as premium start to lower as compared to the level-based policy.

Another benefit of the aged based policy is you can keep it for the rest of your life (the whole of life insurance) instead of deciding on a fixed term.

Level based policy

In this type of policy, your increasing age doesn’t have anything to do with the monthly premiums you pay. You have the option to choose a fixed term from 10 to 40 years and once you are covered for the length of policy, your policy comes to an end.

When you choose a level policy, you will not be able to reap the benefits of a 5% automatic cash sum increase.

Get the details before making any final decision

It is a fact that your insurance requirement may not be the same as others, this is the reason why you must consult insurance professionals and ask to provide you with all the necessary details so that you can end up buying a useful policy and pay the right amount of premium every month.



We would recommend you to talk to one of our advisers for life insurance quotes.
Any quote that your adviser provides you with will take into account your circumstances, your medical history, as well as your budget!
Call 011-3733-4610 – Monday to Thursday from 11.00 to 19.00 and on Friday between 11.00 and 16.00
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