Usually
holding a policy till you retire is ideal, but you can increase or decrease the tenure depending on your needs.
Therefore, it is important to understand the benefit of continuing to
hold the policy till its maturity.
Not exact matches
As I indicated it was a single premium
policy and I
held it from 2010
till 2016, which will be more than 5 years.
Some people seem to think of term life insurance as a kind of a marriage,
holding on to the
policy in sickness and in health,
till death do they part.
a) Total
policy cost if lapsed
policy is revived The person would have to pay: (i) One - time payment comprising unpaid premiums for 2 years and late fee equalling Rs 7,799 (ii) Total amount of next 6 premiums
till policy matures: Rs 21,822 (Rs 3637 * 6) Total cost of reviving
policy and
holding till maturity equals (i) plus (ii): Rs 29,621 (including late fee).