Auto Debit: Sign a mandate at time of buying the policy, thus your premium will be deducted automatically from the bank account (policybazaar.com)
A typical period of coverage for a term life policy may be 5, 10, 15, 20, 25, or 30 years (terms available may vary by insurer and your age at the time of buying your policy). (quotacy.com)
While your insurer will help you open an e-insurance account at the time of buying a policy, existing policyholders must do so... (business-standard.com)