Term Insurance Without Salary
Just wanted to know that does any company offer term insurance without the prerequisite of five lakh per annum salary?
*Correction in earlier text.. Standard Term Insurance Policy.
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
Thanks
Komal Jain
Qualified Personal Finance Professional ®
Dear Renu
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 .
Best wishes
Shailesh Kumar
Insurance Samadhan
To answer your question, yes, many companies offer term insurance without the prerequisite of a five lakh per annum salary. You can research and compare different insurance policies to find one that fits your budget and needs.
Dear Renu,
You can evaluate Saral Jeevan Bima. It is a standard health insurance policy that does not require minimum 5 Lacs income.
Regards
Rohit Dhingra