Just wanted to know that does any company offer term insurance without the prerequisite of five lakh per annum salary?
You can evaluate Saral Jeevan Bima. It is a standard health insurance policy that does not require minimum 5 Lacs income.
*Correction in earlier text.. Standard Term Insurance Policy.
I have heard that Lic tech term also does not require the 5l annual income requirement. Is it true?
Hi Renu Kumar,
LIC is the only entity which offer you a Term Plan if you do not touch 5 LPA currently
Get in touch for details
Qualified Personal Finance Professional ®
Would depend on your age , education qualification and current proven income through ITR or salary slip and sum assured desired .
A good advisor can build your case and get you term cover .
Though almost all companies have clear guidelines of Rs 5 lakh to avoid moral hazards. .
So if your intent is good alongwith supportive docs then case can be considered .