A policy that is noncancelable protects you from the insurance provider raising
your premiums during the life of the policy.
Many policies give you a fixed
premium during the life of your policy.
Not exact matches
If you die
during the grace period, your beneficiary will receive the full value
of the death proceeds
of your
life insurance
policy minus any
premium that is owed to your
life insurance company.
At certain points
during the period
of coverage, you can convert your term
policy to a permanent
life insurance
policy (such as a whole
life insurance
policy or universal
life insurance
policy) and
premiums are determined by your original health rating.
In a term
life insurance
policy, you pay an annual
premium that covers the risk
of death
during that year.
You can change the death benefits
during the
life of the
policy, usually after passing a medical examination, and you can pay
premiums from your accumulated cash value.
Guaranteed Rates: A
life insurance
policy provision that guarantees the
premium rates will not change
during the entire term
of the
policy.
A Term
Life policy offers coverage only if death occurs
during a specific period
of time, which coincides with the terms in which the insured member is required to make a monthly
premium.
If you were to die
during the first few years
of the
policy, most
life insurance companies will generally issue a refund
of your
premiums to your beneficiaries in lieu
of the actual death benefit.
During the period that is selected, the amount
of the
premium rate will remain the same — and, as long as the
premium is paid, the
policy will guarantee a level amount
of life insurance protection up to the insured's age 95.
While initial
premiums are higher than with a typical term
policy, it is possible for coverage to continue until death
of the insured, and cash value may accrue in the
policy on a tax - deferred basis that can be used to help meet financial needs
during your
life.
The best part is, this is the only time you'll have to go through the underwriting process
during the
life of your
policy because your
premium will be locked in after your first application.
If you own a typical permanent
life insurance
policy (lifetime coverage) and did a straight present value calculation
of the
premiums you can expect to pay
during your lifetime, the total will be less than the death benefit.
Top up for Saral Swadhan Plus and Aegon
Life iReturn
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for TATA AIA Group Total Suraksha and Aviva Group
Life Protect
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Aegon
Life Term Plan and IDBI Federal Suvidha Insurance
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for ICICI Pru Group Immediate Annuity and Exide
Life Golden Years
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for ICICI Pru Group Superannuation and Edelweiss Tokio
Life Protection
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Ujjwal
Life and Future Generali Wealth Protect
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for SL Youngstar Super Premium and Max
Life Forever Young
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Shriram Ujjwal
Life SP and Shriram Ujjwal
Life SP
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Shri
Life and iTerm Plan
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for iRaksha TROP and Aviva
Life Shield Plus
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Aviva Wealth Builder and Aegon
Life Easy Protect
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Max
Life Perfect Partner Super and IndiaFirst Annuity Plan
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Super Term Plan and My
Life Plus
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for BSLI Vision
Life Secure and LIC New Jeevan Mangal
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for
Life Shield Platinum and Online Income Project
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Preferred eTerm Plan and Exide
Life New Creating Regular
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Canara HSBC Dream Smart and Aegon
Life iReturn
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Online Term and HDFC
Life Click2Invest ULIP
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Shriram Ujjwal
Life SP and LIC New Jeevan Nidhi
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Bharti AXA eProtect Plus and Shriram Group Term
Life Insurance
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Aegon
Life iSpouse and LIC Anmol Jeevan 2
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Max
Life Shiksha Plus Super and Smart Shield
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Aviva i
Life and Aviva Dhan Nirman
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Edelweiss Tokio
Life Protection and Flexi Smart Plus
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Aviva Group Leave Encashment and Max
Life Pradhan Mantri Bima
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Fixed Savings and Aegon
Life iIncome
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for DHFL Group Credit
Life Plus and Future Generali Leave Encashment
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Metlife Loan and
Life Suraksha and Group Employee Benefit Plan
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for CSC Saral Sanchay and Basic
Life Cover
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Guaranteed Money Back and Edelweiss Tokio
Life Protection
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Shriram Ujjwal
Life SP and Future Generali Pension Guarantee
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for LIC New Jeevan Nidhi and Exide
Life My Term
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Max
Life Guaranteed Income and iSecure
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Exide
Life Golden Years and Future Generali Leave Encashment
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Monthly Income Plan and Aegon
Life Flexi Money Back
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for BSLI Easy Protect and Aegon
Life Guaranteed Growth
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
Top up for Exide
Life Golden Years and IDBI Federal Growth Insurance
premiums, is an extra amount
of money that you can pay at any time
during the
policy term.