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Term Insurance Without Salary

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12 Jul, 2022 by  Renu Kumar

Just wanted to know that does any company offer term insurance without the prerequisite of five lakh per annum salary?

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13 Jul, 2022
MBA | 5 years experience
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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

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13 Jul, 2022
MBA | 5 years experience
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*Correction in earlier text.. Standard Term Insurance Policy.

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15 Jul, 2022
Renu Kumar
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16 Jul, 2022
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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 ®

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17 Jul, 2022
CEO, Insurance Samadhan

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

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09 Mar, 2023
RoryDickerson

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.

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