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Term Insurance Policy Period

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08 Apr, 2021 by  Kulkarni Abhilash


I've read from multiple sources that it is advisable to take term insurance only until one's retirement age. I work at a private company. Assuming I retire at the age of 60, I would still feel it is better to take it until I turn 75. What are your thoughts? Please guide from your experience.

Thank you in advance!



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Term Life Insurance
Basics of Insurance

2 Answer

09 Apr, 2021
Navin prasad

Hi Kulkarni Abhilash,

Term insurance is a death benefit policy. In the absence of a policyholder, the insurer provides the death benefit to his/her family(dependents).

Let's assume a person who is married and has two kids. He is the only working person in the family and opted for term insurance till 55 years. Unfortunately, he died at his age of 40. Now, his family needs an amount to survive and to pay the school fees. In this case, term insurance really helps them a lot.

For more info, check this link

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10 Apr, 2021
We breathe insurance :)

Hey Abhilash,

We have written extensively on this here: How to decide Term Insurance Duration or Tenure (

We are sure you will get all your answers. If not, do let us know.


Team Beshak

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