RESUME APPLICATION PAY PREMIUM

What do you want to do?

Quick links

Mobile (Download app)

Download HDFC Life App

Buy plans, track your policy, make renewal payments & monitor fund performance with HDFC Life App, Download Now!

Online term insurance purchasing guide for senior citizens

March 16, 2019 1534

Age is just a number. And, it will hold true all the more when senior citizens will also be able to buy term insurance plans. Now senior citizens can buy a term plan. Most of these plans won't seek any medical examination while the application procedure will be underway. You will have to just answer simple questionnaire on health and you shall be through.

That at the time of retirement, you will have financial independence and may even be able to sponsor for your family, what more would you need?As a senior citizen, seeking financial aid from family or friends, or taking a debt, would be the last thing on your mind. An insurance cover does just that. It provides you with your own money that you can use at the time of your retirement, keep aside for your funeral, and may be even help your near and dear ones in their hour of need.

If you are worried how to choose what insurance plan. Then, you need not to have think twice. HDFC Life offers online comparison of plans that you can choose as per your needs. You can even calculate your premiums, and do a comparison of affordable term insurance plans. Online application has made life easier, as all you would be required to do is just apply for the policy, upload your documents, pay and you are through.

As you mature, your policy protection requirements also change. As you will have less financial obligations at the time, you can easily opt for plans that can help with your well-being and your demise. Many companies offer affordable and cheap term insurance covers to choose from. Whether you are 80 or 50, insurance companies will provide you options that will be easy to maintain for you and make you financially independent.

You don't have to go anywhere. Sitting from the comforts of your home, you can do a recce of the all the online insurance providers, and do a comparison to come to decision.

Points to note:

Check online and compare quotes
Look for age eligibility
Seek policies with minimal paperwork
Keep all your documents ready
Do a market check of which policy/plan is doing better and how

Make a wise choice however old you are. Do not be left out by the technology revolution when you can easily be a part of it and do your own work.

HDFC Life offers various term insurance plans that seek to secure the financial future of your loved ones. For details, click on the mentioned link: https://www.hdfclife.com/term-insurance-plans.

Francis Rodrigues

Written By:

Vishal Subharwal

Reviewed By:

Here's all you should know about life insurance.

We help you to make informed insurance decisions for a lifetime.

VIEW ALL ARTICLES

Pure Term Insurance Vs Return of Premium Vs Permanent Life Insurance Previous

What is current trend in term insurance? Next

Popular Searches