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Term insurance for Non-Graduates
Share My Brother is only 12th pass (not a graduate), but he's a successful businessman.
The agent is saying that none (Aegon, Max Life etc.,) of the insurance companies (except TATA and LIC) are offering him a Term plan. Is it true that they don't offer to Non-Graduates? What is the reason for this?
1 Comments
Reply Reply Hello Phani,
This is true for regular term plans available online today. However, the good news is that now with the introduction of standardized term life plans, people like your brother would be able to access term life insurance without any hurdles. These plans are called Saral Jeevan Bima - You can read about them here: Comparison of Saral Jeevan Bima with regular term plans | Who should buy? (beshak.org)
Most of the insurance companies are in the process of launching this plan soon. You should wait and check by around the 15th of February.
Regards,
Team Beshak
0 Comments Reply
Yes , it is possible .These companies must be having a re-insurance arrangement where such condition is in place.